Financial accounting and managerial accounting differ in terms of who uses the information. Financial accounting provides information primarily for Blank______.Multiple choice question.managerial accountantspeople outside the organizationpeople inside the organizationthe government

Financial accounting provides information to people inside of an organization, whereas managerial accounting provides information to people outside of an organization.True false question.TrueFalse

Managerial accounting is used to provide information to Blank______.Multiple choice question.those outside the firmgovernmental agencies onlythose inside the firmthose both inside and outside the firm

Which of the following items does not represent a difference between financial and managerial accounting?Multiple ChoiceFocus of the information.Inclusion of monetary information.Users of the information.Flexibility of reporting.Timeliness of information.

The area of accounting that provides information to managers inside the organization to assist them in decision making is called Blank______.Multiple choice question.financial accountinggovernment accountingmanagerial accountingtax accounting

3.Question 3What is the difference between Financial Accounting and Management Accounting?1 pointFinancial and Management Accounting measure and communicate the same economic reality.Financial accounting deals with information for external users. Management Accounting deals with information for internal users.Financial accounting deals with information for internal users. Management Accounting deals with information for external users.Financial and Management Accounting measure and communicate different economic realities.