Public Accounting, as a sub-discipline of accounting, includes: Select one: O a. Management Accounting O b. Cost accounting Ос O c. Internal auditing O d. Managerial Advisory services

Q: What responsibility would internal auditing go under? managerial accounting, tax accounting or…

A: There are different branch of accounting that help in the recording of transactions and analysis of…

Q: Financial accounting follows Generally Accepted Acccounting Principles (GAAP), while managerial…

A: Financial accounting and management accounting are two important branches of accounting. Financial…

Q: What are at least two reasons why management should involve the accounting  personnel in the process…

A: Accountancy: Accounting can be defined as the language of business that measures, evaluates,…

Q: The primary goal of management accounting is to: Select one: O A. provide information to current and…

A: Management accounting is one of the branches of accounting under which the management accountants…

Q: The area of accounting concerned with providing internal users with information is called O a.…

A: There are mainly two types of users of accounting information - the external and . The external…

Q: 65. Accounting, as a support function, should include: O A. Financial accounting. OB. Cost and…

A: Accounting is the process of identifying, collecting, organizing, summarizing, grouping,…

Q: he GAAP hierarchy lists which source of authoritative accounting guidance as highest in priority?…

A: GAAP refers to the Generally Accepted Accounting Principles, this is classified in four level…

Q: Which type of accounting information is intended to satisfy the needs of external users of…

A: Lets understand the basics.Financial accounting, management accounting and cost accounting are…

Q: How do the content of reports and the verification of reports differ between managerial and…

A: The content of reports and the verification process in managerial and financial accounting differ in…

Q: Value added statement is a statement prepared under: O Financial Accounting O Management Accounting…

A: Value Added Statements are financial statements that show how a business creates value and…

Q: Please help with this Accounting type Question: Which of the following is not a tool of management…

A: This accounting feild deals to analyse, communicate the accounting information to the managers, so…

Q: oes the conceptual framework assists accountants in the application of accounting standards? Please…

A: The conceptual framework assists accountants in several ways when applying accounting standards:

Q: Distinguish  between Managerial Accounting and Financial Accounting with respect to the primary…

A: The process of recording, summarising, and reporting to the public or regulators the flow of…

Q: The body of rules and procedures that guide the measurement and communication of financial…

A: Accounting:   Accounting is a system, or a process of collecting and organizing economic…

Q: How do the subject matter of reports and the verification of reports differ between financial…

A: Both financial and managerial reporting have different scope and objectives .Detail explanation…

Q: Explain the purpose of the Public Company Accounting Oversight Board.

A: Auditing:   In auditing, auditors verify the correctness and fair presentation of financial…

Q: The techniques and practices of management accounting are usually constrained by: Select one: O A.…

A: Managerial accounting, also called management accounting, is a method of accounting that creates…

Q: Transactions and events are recognized initially at the exchange price to provide relevant and…

A: Accounting Principles: These refer to the rules and guidelines which companies need to follow while…

Q: Why are externally presented reports required to be prepared according to generally accepted…

A: GAAP principles are a set of world-renowned accounting principles that defines the rules and…