Which of the following items does not represent a difference between financial and managerial accounting?
A)Users of the information.
B)Flexibility of reporting.
C)Timeliness of information.
D)Focus of the information.
E)Managerial accounting does not use the financial information from the financial accounting system.

Question

Quizplus · Accepted Answer

This statement is not a difference between financial and managerial accounting as both types of accounting rely on financial information. The other choices represent differences between the two types of accounting.

Which of the Following Items Does Not Represent a Difference