All the following are differences between financial and managerial accounting in how accounting information is used except to
A) plan and control company's operations.
B) decide whether to invest in the company.
C) evaluate borrowing capacity to determine the extent of a loan to grant.
D) All the answer choices are correct.

Question

Quizplus · Accepted Answer

All the options provided (A, B, C) are indeed differences between financial and managerial accounting in terms of how accounting information is used. Financial accounting is primarily used by external users (B and C), such as investors and creditors, to make decisions about investing in or lending to the company. Managerial accounting, on the other hand, is used internally (A) to plan and control the company's operations.

All the Following Are Differences Between Financial and Managerial Accounting