All the following are differences between financial and managerial accounting in how accounting information is used except to
A) plan and control company's operations.
B) decide whether to invest in the company.
C) evaluate borrowing capacity to determine the extent of a loan to grant.
D) All of these answers are differences.

Question

Quizplus · Accepted Answer

Financial accounting focuses on providing information to external users, while managerial accounting focuses on providing information to internal users. Planning and controlling company operations is an internal function, so it is not a difference between financial and managerial accounting.

All the Following Are Differences Between Financial and Managerial Accounting