What Are Two Key Ways Management Accounting Is Different from Financial

question 49

Multiple Choice

What are two key ways management accounting is different from financial accounting?

• A)Management accounting provides special-purpose information to people external to the firm and it is highly regulated.
• B)Management accounting provides information for the day-to-day running of an organisation and it is governed by the requirements of FSA.
• C)Management accounting is focused on providing information to shareholders who wish to have input into the management of the organisation and it is regulated by generally accepted accounting principles.
• D)Management accounting focuses on providing information for internal users and it is largely unregulated.

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Definitions:

Psychological Disorder

A condition characterized by abnormal thoughts, feelings, or behaviors that cause distress, impairment in functioning, or both.

Adaptive Behavior

The collection of conceptual, social, and practical skills that people have learned to perform daily functions.

Subjective Discomfort

The personal experience of distress or unease, which can be a symptom in psychological disorders.

Emotional Distress

A state of emotional suffering typically characterized by feelings of anxiety, depression, grief, or anguish.