Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Other Fields Homework Help Business
New Topic  
Septeos Septeos
wrote...
Go to Answer
Posts: 154
Rep: 0 0
A year ago
Which of the following is a key difference between financial accounting and management accounting?

▸ Financial accounting is concerned with preparing cost analysis, whereas management accounting is concerned with creating reports.

▸ Financial accounting considers such aspects as profitability, whereas management accounting does not consider profitability.

▸ Financial accounting creates information for outsiders, whereas management accounting is for insiders.

▸ Management accounting is based on historical data, whereas financial accounting is based on real time data.

▸ Accounting knowledge creates information for all stakeholders, whereas management knowledge is used for internal purposes only.
Textbook 
Business in Action

Business in Action


Edition: 9th
Authors:
Read 41 times
1 Reply
Replies
Answer verified by a subject expert
goodone14goodone14
wrote...
#1
Posts: 134
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Septeos Author
wrote...

A year ago
Correct Slight Smile TY
Starfiew
wrote...

Yesterday
This helped my grade so much Perfect
Zacellison
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1115 People Browsing
 113 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 3156
  
 295
  
 329
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352
Previous poll results: What percentage of nature vs. nurture dictates human intelligence?