How many of these are differences between management and financial accounting?
• Nature of reports produced.
• Frequency of reports.
• Level of detail in the reports.
• Degree of regulation.
A) One.
B) Two.
C) Three.
D) Four.

Question

Quizplus · Accepted Answer

All four points listed are differences between management and financial accounting. Management accounting focuses on detailed, frequent, and internal reports tailored to specific managerial needs with less regulation, while financial accounting produces standardized, regulated reports primarily for external stakeholders on a less frequent basis.

How Many of These Are Differences Between Management and Financial