Which of the following types of reports is more characteristic of managerial accounting than financial accounting?
A)An internal report used by management
B)An external report used by investors
C)A report prepared according to GAAP
D)A report prepared periodically (monthly,quarterly,annually)

Question

Quizplus · Accepted Answer

Managerial accounting is concerned with providing information to internal users such as management, while financial accounting is more concerned with external users such as investors. Therefore, an internal report used by management is more characteristic of managerial accounting than financial accounting.

Which of the Following Types of Reports Is More Characteristic