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

Question

Quizplus · Accepted Answer

Managerial accounting uses financial information from the financial accounting system as well as other sources. The other choices represent differences between financial and managerial accounting.

Which of the Following Items Does Not Represent a Difference