ACC 100 Chapter Notes - Chapter 1: Financial Statement

Which of the following statements is true of managerial​ accounting?

a. The external stakeholders of a company are the primary users of managerial accounting.

b. Managerial accounting information is used to help managers plan and control their operations.

c. An external audit by an independent CPA is required for managerial accounting information.

d. Managerial accounting information must comply with Generally Accepted Accounting Principles.

Distinguish between managerial and financial accounting as to primary users of reports? What types and frequency of reports, and the content and purpose of reports? how does it effect a comapny

(TCO 1) Who are the users of managerial accounting information?How does their use of accounting information differ from the usersof financial accounting information?