Consider the descriptors that follow:
1. Is heavily involved with the record keeping and reporting of assets, liabilities, and stockholders' equity.
2. Focuses on planning, decision-making, directing, and control.
3. Is heavily regulated.
4. A field that is becoming more "cross-functional" in nature.
5. Much of the field is based on costs and benefits.
6. Is involved almost exclusively with past transactions and events.
7. Much of the information provided is directed toward stockholders, financial analysts, creditors, and other external parties.
8. Tends to focus more on subunits within an entity rather than the organization as a whole.
9. May become involved with measures of customer satisfaction, and the amount of actual cost incurred vs. budgeted targets.
10. Information produced is intended for Managers within the organization.
Required:
Determine whether the descriptors are most closely associated with financial accounting or managerial accounting.

Question

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The Answer of Consider the descriptors that follow:
1. Is heavily involved with the record keeping and reporting of assets, liabilities, and stockholders' equity.
2. Focuses on planning, decision-making, directing, and control.
3. Is heavily regulated.
4. A field that is becoming more "cross-functional" in nature.
5. Much of the field is based on costs and benefits.
6. Is involved almost exclusively with past transactions and events.
7. Much of the information provided is directed toward stockholders, financial analysts, creditors, and other external parties.
8. Tends to focus more on subunits within an entity rather than the organization as a whole.
9. May become involved with measures of customer satisfaction, and the amount of actual cost incurred vs. budgeted targets.
10. Information produced is intended for Managers within the organization.
Required:
Determine whether the descriptors are most closely associated with financial accounting or managerial accounting.

Consider the Descriptors That Follow