How many of these are differences between management and financial accounting? • Nature of reports produced
• Frequency of reports
• Level of detail in the reports
• Degree of regulation
A) three
B) four
C) one
D) two

Question

Quizplus · Accepted Answer

All four options are differences between management and financial accounting. Management accounting produces reports for internal use, often on a daily or weekly basis, with a greater level of detail customized for specific decision-making needs. Financial accounting produces reports primarily for external stakeholders, on a quarterly or annual basis, with a standardized level of detail dictated by regulatory requirements. Financial accounting is also subject to stricter regulation than management accounting.

How Many of These Are Differences Between Management and Financial