Which of the following characteristic(s)relate(s)more to managerial accounting than to financial accounting?
A)A focus on reporting to personnel within an organization.
B)A focus on reporting to external parties.
C)An area of accounting that is heavily regulated.
D)A focus on providing information that is relevant for planning,decision making,directing,and control.
E)Choices "A" and "D" abovE.

Question

Quizplus · Accepted Answer

Option A and D are the focus of managerial accounting as it deals with providing information to personnel within an organization to aid in decision-making, controlling, and planning. Option B applies more to financial accounting as financial statements are used to report the organization's financial position to external parties such as investors, creditors, and regulatory bodies. Option C could apply to both managerial and financial accounting, as both accounting areas are subject to regulations, although the specific regulations might differ.

Which of the Following Characteristic(s)relate(s)more to Managerial Accounting Than to Financial