Which of the Following Is Not a Key Difference Between

question 5

Multiple Choice

Which of the following is not a key difference between managerial accounting and financial accounting?

• A)The emphasis of financial accounting is information reliability while the emphasis of managerial accounting is information relevance.
• B)Financial accounting focuses on past financial data while managerial accounting uses all available data.
• C)Financial accounting focuses on external users while managerial accounting focuses on internal users.
• D)Financial accounting uses financial and non-financial data while managerial accounting only uses non-financial data.
• E)Financial accounting reports are released periodically while managerial accounting reports are generated on an as-needed basis.