The Purpose of Managerial Accounting Information Is to Help ________

question 139

Short Answer

The purpose of managerial accounting information is to help ________ users make decisions while the purpose of financial accounting is to help ________ users make decisions.

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Definitions:

Conciliation

A process in dispute resolution where an impartial third party, the conciliator, assists the conflicting parties to reach a voluntary, amicable settlement.

Mediation

A form of alternative dispute resolution where a neutral third party helps disputing parties find a mutually satisfactory solution to their conflict.

Diversity of Citizenship

A legal principle allowing federal courts to hear cases in which the parties are citizens of different states or countries.

Federal Substantive Law

Pertains to the body of law that creates, defines, and regulates the rights and duties of parties within the United States federal legal system.