Consider the Descriptors That Follow

question 4

Essay

Consider the descriptors that follow.
1. Is heavily involved with the recordkeeping and reporting of assets, liabilities, and stockholders' equity.
2. Focuses on planning, decision making, directing, and control.
3. Is heavily regulated.
4. A field that is becoming more "cross-functional" in nature.
5. Much of the field is based on costs and benefits.
6. Is involved almost exclusively with past transactions and events.
7. Much of the information provided is directed toward stockholders, financial analysts, creditors, and other external parties.
8. Tends to focus more on subunits within an entity rather than the organization as a whole.
9. May become involved with measures of customer satisfaction, and the amount of actual cost incurred vs. budgeted targets.
Required:
Determine whether the descriptors are most closely associated with financial accounting or managerial accounting.

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Definitions:

Physical Health

The condition of a person's body, including the absence of illness or injury and the proper functioning of all physical systems.

Mild Neurocognitive Disorder

A condition characterized by slight cognitive decline from a previous level of performance, but not severe enough to interfere significantly with daily activities.

Cognitive Functioning

Refers to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Prefrontal Lobes

Structures of the brain that play a key role in short-term memory, among other functions.