The Principal Difference Between Managerial Accounting and Financial Accounting Is

question 89

Multiple Choice

The principal difference between managerial accounting and financial accounting is that managerial accounting information is:

• A)Prepared by managers.
• B)Intended primarily for use by decision makers inside the business organization.
• C)Prepared in accordance with a set of accounting principles developed by the Institute of Certified Managerial Accountants.
• D)Oriented toward measuring solvency rather than profitability.

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Definitions:

Bilateral Threats

Situations or scenarios where two parties or nations pose mutual threats to each other's security or interests.

Unilateral Threats

Actions or statements made by one party intended to intimidate or coerce another, without seeking mutual agreement or negotiation.

Conflict

A situation or process in which individuals or groups perceive that their interests are being opposed or negatively affected by another.

Distributive Justice

The concept that involves fairness in the allocation of resources and goods among members of a society.