Which of the following are differences between management and financial accounting?
I.Types of reports produced.
II.The users of reports.
III.The format of reports.
IV.Frequency of reports.
A) I and III only.
B) II, III and IV only.
C) I and II only.
D) all of the above.

Question

Quizplus · Accepted Answer

Management and financial accounting differ in the types of reports produced, the users of the reports, the format of the reports, and the frequency of reports. Management accounting focuses on internal decision-making and often involves more flexible, frequent, and detailed reports, while financial accounting targets external stakeholders with standardized, periodic financial statements.

Which of the Following Are Differences Between Management and Financial