Which of the Following Differentiates Cost Accounting and Financial Accounting

question 58

Multiple Choice

Which of the following differentiates cost accounting and financial accounting?

• A) The primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers.
• B) Cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.
• C) Cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions.
• D) Cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties.

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Definitions:

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The range of tangible and intangible resources, practices, knowledge, skills, arts, and expressions that cultures add to the world.

Attachments

Emotional bonds between individuals, crucial in psychological development and personal relationships.

Development

The process of growth and change that happens in organisms or sociocultural entities over time, encompassing physical, emotional, and intellectual evolution.

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