Select the Correct Statement Regarding Managerial and Financial Accounting

question 18

Multiple Choice

Select the correct statement regarding managerial and financial accounting.

• A) Users of managerial accounting information desire greater aggregation than do users of financial accounting information.
• B) Both managerial and financial accounting use economic and physical data in addition to financial data.
• C) Financial accounting is more highly regulated than managerial accounting.
• D) Timeliness is more important in financial accounting than in managerial accounting.

---

Definitions:

Newsletter

A regularly distributed publication, typically focused on a main topic, that is delivered electronically or by mail to subscribed members.

Section Break

A feature in document processing software that allows users to divide their document into separate sections, each with its unique formatting, page layout, or header/footer.

Continuous Section Break

A format setting in word processing software that allows users to change layout or formatting in a continuous document without starting a new page.

Column Break

A formatting mark that controls the flow of text in a document, forcing the text to begin at the top of the next column.