Match each of the following characteristics that describe financial accounting accounting, or neither financial nor managerial accounting. A. Financial accounting B. Managerial accounting C. Both financial and managerial accounting D. Neither financial nor managerial accounting 1. Is future oriented 2. Is used primarily by external parties 3. Is relied on for making decisions 4. Is historical in nature 5. Has reports that can be obtained through the company website or requested from the company CFO for publicly traded companies 6. Is reported in aggregate for the company as a whole 7. Has reports that may be created daily or even in real time 8. Is used mostly by managers within the company 9. Must be accurate to help decision makers 10. Is always available on the Internet to any interested party

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

9

S
Book
Print
erences
Match each of the following characteristics that describe financial accounting
accounting, or neither financial nor managerial accounting.
A. Financial accounting
B. Managerial accounting
C. Both financial and managerial accounting
D. Neither financial nor managerial accounting
1. Is future oriented
2. Is used primarily by external parties
3. Is relied on for making decisions
4. Is historical in nature
5. Has reports that can be obtained through the company website or
requested from the company CFO for publicly traded companies
6. Is reported in aggregate for the company as a whole
7. Has reports that may be created daily or even in real time
8. Is used mostly by managers within the company
9. Must be accurate to help decision makers
10. Is always available on the Internet to any interested party
Transcribed Image Text:S Book Print erences Match each of the following characteristics that describe financial accounting accounting, or neither financial nor managerial accounting. A. Financial accounting B. Managerial accounting C. Both financial and managerial accounting D. Neither financial nor managerial accounting 1. Is future oriented 2. Is used primarily by external parties 3. Is relied on for making decisions 4. Is historical in nature 5. Has reports that can be obtained through the company website or requested from the company CFO for publicly traded companies 6. Is reported in aggregate for the company as a whole 7. Has reports that may be created daily or even in real time 8. Is used mostly by managers within the company 9. Must be accurate to help decision makers 10. Is always available on the Internet to any interested party
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Financial Information
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education