Which of the following is true of financial accounting, but not true of managerial accounting? Select one: O a. Financial accountants work for not-for-profit organizations only. Ob. Financial accounting requires no accounting related education. Oc. Financial accountants focus on serving the decision-making needs of exteral users of the business. Od. Financial accounting requires an accounting related education.

Which of the following is true of financial accounting, but not true of managerial accounting? Select one: O a. Financial accountants work for not-for-profit organizations only. Ob. Financial accounting requires no accounting related education. Oc. Financial accountants focus on serving the decision-making needs of exteral users of the business. Od. Financial accounting requires an accounting related education.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Do not Copy What is the difference between managerial and financial accounting?
answer these questions: step 1; Why do managers/accountants need to behave ethically? Explain. Step 2: Describe thestrengths and weaknesses of an accountant for icecream business. would they be good accountants?step 3:Compare and contrast manual accounting with computerized accounting, How are theydifferent?
1.What are the impact of issues in management accounting practices on the company and stakeholder? 2. Elaborate some suggestions to avoid the recurrence of the issues in management accounting practices.
Considering the demand for auditing services, which of the following involves“Managers receiving the full compensation in their employment package for what they are worth”.a. Justice theoryb. Motivational theoryc. Needs of Investors and Creditors theoryd. Principal-Agent theory
10. Which of these is a similarity between financial accounting and managerial accounting? Select one: A. Both report to the same group of accounting users. B. Both report past financial events. C. Both use the same accounting standards of MASB. D. Both provide information for decision making. 11. Which of the followings is NOT a temporary or nominal account? Select one: A. Utility Expense. B. Prepaid Insurance. C. Drawings. D. Depreciation Expense. 12. Which of the following statements related to expenses is CORRECT? Select one: A. Expenses decrease owner's equity and has a credit normal balance. B. Expenses increase owner's equity and has a debit normal balance. C. Expenses decrease owner's equity and has a debit normal balance. D. Expenses increase owner's equity and has a credit normal balance. Just answer the question without explanation. Thanks in advance
Ali's accounting work normally has more focus on past performance, has be precise and involves preparing companywide reports. Ali is most likely to be a: Select one: O a. A managerial accountant O b. A marketing manager O C. A cost accountant O d. A human resource manager O e. A financial accountant
Is the term “Financial Manager” a strict job title for a person within a business organization? Explain based on your understanding
True or False: Financial accounting primarily serves the external users of the business, such as management, employees, and owners, who use financial accounting information to make decisions. Select one: True O False
Identify and explain as an example at least 3 scenarios (related with ethics in management accounting only) where Credibility is not followed so that staff may have a better understanding of these guidelines?
1. What are interesting facts/ fun facts about management accounting practices? 2. Explain one example management accounting dishonest practices that talked a around the whole?