The difference between management accounting and financial accounting is that management accounting focuses on external users whereas financial accounting focuses on internal users.

Name: The difference between management accounting and financial accounting is that management accounting focuses on external users whereas financial accounting focuses on internal users.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The statement is incorrect. Management accounting focuses on internal users while financial accounting focuses on external users.

The Difference Between Management Accounting and Financial Accounting Is That