Which information includes both historical and estimated data used by people in conducting daily operations, planning future operations, and developing overall business strategies?

Question

Quizplus · Accepted Answer

Managerial accounting includes both historical data on past operations as well as estimated data used for future planning and strategy development. Financial accounting only deals with historical financial data, cost accounting primarily focuses on cost data, and supervisory accounting is not a recognized accounting term.

Which Information Includes Both Historical and Estimated Data Used by People