- 07/12/2019 at 8:18 pm #1426070EduGorillaKeymasterSelect Question Language :
Which of the following statements about differences between financial and managerial accounting is incorrect?
Managerial accounting information is prepared primarily for external parties such as stockholders and creditors; financial accounting is directed at internal users
Financial accounting is aggregated; managerial accounting is focused on products and departments
Managerial accounting pertains to both past and future items; financial accounting focuses primarily on past transactions and events
Financial accounting is based on generally accepted accounting practices; managerial accounting faces no similar constraining factors
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- 04/11/2021 at 11:32 pm #2153684anabelaSelect Question Language :
This UK company helped me with the registration of my business and now I order here accounting and other documents. Of course, I plan to find a specialist for the company so that I have such an employee on my staff, but I don’t have extra funds for the salary fund and this option is much more profitable for me.
- 07/07/2021 at 7:19 pm #2168829Mihai PlatonParticipantSelect Question Language :
This is a tough one, not gonna lie. I mean, yeah, managerial accounting is kinda focused on products and departments, but at the same time, its primary goal is to maximize profit and minimize losses. So, I don’t really know whether the second one is incorrect or not. By the way, I’m thinking of opening a small coffee business, and I’m looking for a reliable company that offers accounting services for beginner/small businesses. If you by any chance know any, please share them with me! Thanks in advance!