One Major Difference Between Financial and Management Accounting Is That

question 63

Multiple Choice

One major difference between financial and management accounting is that

• A)financial accounting reports are prepared primarily for users external to the company.
• B)management accounting is not under the jurisdiction of the Securities and Exchange Commission.
• C)government regulations do not apply to management accounting.
• D)all of the above are true.

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Definitions:

Job Titles

Formal names or labels given to specific jobs within an organization, which often reflect the nature of the work and level of responsibility.

Job Descriptions

Detailed explanations of the responsibilities, duties, required qualifications, and reporting relationships of a specific job within an organization.

Reengineering

The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in cost, quality, service, and speed