Which of the following is a difference between managerial and financial accounting?
A)Managerial accounting reports non-monetary information whereas financial accounting reports both monetary and non-monetary information.
B)Managerial accounting is used by government authorities whereas financial accounting is used by stockholders.
C)Managerial accounting prepares reports monthly whereas financial accounting prepares reports annually.
D)Managerial information is confidential whereas financial accounting information is publicly available.

Question

Quizplus · Accepted Answer

One of the main differences between managerial and financial accounting is that managerial information is often kept confidential within the organization, while financial accounting information is publicly available to outside stakeholders such as investors and creditors. The other options are incorrect as they do not accurately describe the difference between the two types of accounting.

Which of the Following Is a Difference Between Managerial and Financial