Which of the following statements are more descriptive of managerial accounting than of financial accounting?
A)Emphasis is on historical data.
B)Information is more widely distributed.
C)Recognized standards for presentation.
D)Information is tailored to the needs of individual decision makers.

Question

Quizplus · Accepted Answer

Managerial accounting focuses on providing information that is tailored to the needs of individual decision-makers, while financial accounting emphasizes historical data and standardized presentation, which is more widely distributed. Therefore, option D is the more descriptive of managerial accounting.

Which of the Following Statements Are More Descriptive of Managerial