This topic contains 2 replies, has 3 voices, and was last updated by  Mihai Platon 6 months, 3 weeks ago.

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  • #1426070 Reply
     EduGorilla 
    Keymaster
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    Which of the following statements about differences between financial and managerial accounting is incorrect?

    Options :-

    1. Managerial accounting information is prepared primarily for external parties such as stockholders and creditors; financial accounting is directed at internal users

    2. Financial accounting is aggregated; managerial accounting is focused on products and departments

    3. Managerial accounting pertains to both past and future items; financial accounting focuses primarily on past transactions and events

    4. Financial accounting is based on generally accepted accounting practices; managerial accounting faces no similar constraining factors

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  • #2153684 Reply
     anabela
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    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.

  • #2168829 Reply
     Mihai Platon 
    Participant
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    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!

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