Along with the types of financial reports that are produced, which of the following is another difference between managerial and financial accounting?
A) whether the reports are prepared monthly or quarterly
B) whether the accountant is a CPA
C) the audience for whom the reports are intended
D) the accuracy and authenticity of the reports

Question

Quizplus · Accepted Answer

Managerial accounting reports are intended for internal use by management to make decisions, while financial accounting reports are intended for external use by investors, creditors, and other interested parties. The other options do not accurately reflect a difference between managerial and financial accounting.

Along with the Types of Financial Reports That Are Produced