Which of the Following Is a Difference Between Managerial Accounting

question 119

Multiple Choice

Which of the following is a difference between managerial accounting and financial accounting?

• A) Financial accounting is governed by a set of generally accepted accounting principles, whereas managerial accounting uses procedures developed internally that are not required to follow generally accepted accounting principles.
• B) Financial accounting is primarily intended to provide information to internal stakeholders, whereas managerial accounting is primarily intended to provide information to external stakeholders.
• C) Managerial accounting summarizes the past performance of a company, whereas financial accounting provides reports on the past performance of a company and also makes projections about the future.
• D) Managerial accounting presents financial statements on a predetermined schedule, whereas financial accounting creates reports upon request by management rather than according to a predetermined schedule.

Analyze the diverse responses from various colonial and British figures to the escalating tensions.

Understand the significance of early battles and strategies in the Revolutionary War, and key figures involved.

Assess the influence of pamphlets and political discourse, such as Common Sense, in shaping public opinion towards independence.

Appreciate the importance of organizational efforts like the Committees of Safety and the Continental Association in the colonial resistance effort.

---

Definitions:

Purging Behaviour

Actions taken to try to rid the body of consumed food and calories, typically observed in eating disorders, including self-induced vomiting or misuse of laxatives.

Anorexia

An eating disorder characterized by an abnormally low body weight, an intense fear of gaining weight, and a distorted perception of body weight or shape.

Bulimia

An eating disorder marked by binge eating followed by methods to avoid weight gain, such as vomiting or excessive exercise.

Binge Eating Disorder

An eating disorder marked by recurrent episodes of eating large quantities of food in a short period of time, accompanied by feelings of loss of control and often shame or guilt afterward.