1. Both financial and managerial accounting are important to a company's success. Which do you think contributes more to this success and why?

2. financial accounting a subset of managerial accounting or is managerial a subset of financial?

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Beverley SmithLv2

28 Sep 2019

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Select the correct statement regardingmanagerial and financial accounting.

		Users of managerial accounting information desire more detailedaccounting reports than do users of financial accountinginformation.
		Both managerial and financial accounting use economic andphysical data in addition to financial data.
		Financial accounting is less regulated than managerialaccounting.
		Timeliness is more important in financial accounting than inmanagerial accounting

1. what are the basic differences between managerial and financial accounting? provide examples.

2. why is cost accounting so important?

Which of the following statements is FALSE?

		Financial accounting reports historical transactions.
		Managerial accounting focuses on reporting the consolidatedresults of the company as a whole.
		Managerial accounting reports do not have to conform togenerally accepted accounting principles.
		Financial accounting helps investors and creditors makedecisions.

Accounting 580,000