Which of the Following Is a Difference Between Managerial and Financial

question 186

Multiple Choice

Which of the following is a difference between managerial and financial accounting?

• A)Managerial accounting reports non-monetary information whereas financial accounting reports both monetary and non-monetary information.
• B)Managerial accounting is used by government authorities whereas financial accounting is used by stockholders.
• C)Managerial accounting prepares reports monthly whereas financial accounting prepares reports annually.
• D)Managerial information is confidential whereas financial accounting information is publicly available.

Identify and understand the legal and ethical implications of insider trading.

Recognize the roles and responsibilities of individuals in preventing and reporting insider trading.

Distinguish between tipper and tippee liability within the context of securities trading.

Understand the concept of securities fraud and the various defenses that can be deployed against such accusations.

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Definitions:

Subagent

A person authorized by an agent to perform tasks or duties on behalf of the agent's principal.

Delegate Duties

The act of assigning specific responsibilities or tasks from one person to another, often in a workplace or organizational setting.

Agency Termination

The act of ending the relationship between an agent and their principal, which can occur through mutual agreement, fulfillment of the agency's purpose, or other legal means.

Apparent Authority

The appearance or assumption of authority based on the actions or statements of the principal, which leads a third party to believe that an agent has authority to act.