Business, 10.09.2019 03:30 jjxt126

Managerial accounting differs from financial accounting in several areas. specify whether each of the following characteristics relates to managerial accounting or financial accounting.
a. focused on the future
b. reporting is based mainly on the company as a whole
c. reports are prepared usually quarterly and annually
d. information is verified by external auditors
e. focused on the past
f. main characteristic of data is that it must be relevant
g. reports tend to be prepared for the parts of the organization rather than the whole organization
h. primary users are internal (for example, company managers)
i. governed by generally accepted accounting principles (gaap)
j. main characteristic of data is that it must be reliable and objective
k. reports are prepared as needed
l. not governed by legal requirements
m. primary users are external (i. e., creditors, investors)

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Managerial accounting differs from financial accounting in several areas. specify whether each of th...