Managerial Accounting Study Set 10
Quiz 1: The Changing Business Environment - a Managers Perspective
Financial accounting is defined as the use of management information to plan, evaluate, and control within the organization and to ensure appropriate use and accountability for its resources.
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Management accounting is the process of identifying, measuring, accumulating, analyzing, preparing, and communicating financial information used by management.
Management accounting provides reports that are future oriented.
Rules applicable to accounting information created and prepared for management use are the same as those for information reported to the general public.
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