Managerial Accounting Is Different from Financial Accounting in That

question 201

Multiple Choice

Managerial accounting is different from financial accounting in that:

• A) Managerial accounting is used extensively by investors, whereas financial accounting is used only by creditors.
• B) Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.
• C) Managerial accounting is mainly used to set stock prices.
• D) Managerial accounting is more focused on the organization as a whole and financial accounting is more focused on subdivisions of the organization.
• E) Managerial accounting never includes nonmonetary information.