Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall

Exercise 5

For the following questions, circle the best response. Answers are at the end of this chapter.

Managerial accounting, as opposed to financial accounting, is primarily concerned with

a. the financial condition of the organization as a whole.

b. meeting the requirements of generally accepted accounting principles.

c. emphasizing the future.

d. providing data for investors and creditors.

e. determining exact results.