Identify whether each description most likely applies to managerial or financial accounting?

1. _______ Its primary focus is on the organization as a whole.

2. _______ Its principles and practices are very flexible.

3. _______It is directed at external users in making investment, credit, and other decisions.

4. _______Its primary users are company managers.

5. _______ Its information is often available only after an audit is complete.

1 Answer

  • 1. Financial Accounting

    2. Managerial Accounting

    3. FA

    4. MA

    5. FA

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