Chat with us, powered by LiveChat Management Accounting Versus Financial AccountingM - Writemia

Management Accounting Versus Financial AccountingM

Management Accounting Versus Financial AccountingManagement accounting differs from financial accounting in a number of ways. Indicate whether each of the following characteristics relates to management accounting (MA) or financial accounting (FA).1. Focuses on various segments of the business entity2. Demands objectivity3. Relies on the criterion of usefulness rather than formal guidelines in reporting information4. Measures units in historical dollars5. Reports information on a regular basis6. Uses only monetary measures for reports7. Adheres to generally accepted accounting principles8. Prepares reports whenever needed

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