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.

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Definitions:

Doubled

To increase something by 100%, making it twice as large or twice as much in quantity.

Years

Units of time that constitute 365 days (or 366 days in a leap year), commonly used as a measure for time periods in financial calculations.

Annual Growth Rate

The percentage increase in the value of an investment or portfolio over the period of a year.

Price of Gold

The current market value per ounce of pure gold, which fluctuates based on various economic and geopolitical factors.