In Comparison with a Financial Statement Prepared in Conformity with Generally

question 46

Multiple Choice

In comparison with a financial statement prepared in conformity with generally accepted accounting principles,a managerial accounting report is less likely to:

• A)Focus upon the entire organization as the accounting entity.
• B)Focus upon future accounting periods.
• C)Make use of estimated amounts.
• D)Be tailored to the specific needs of an individual decision maker.

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Definitions:

Recite

To repeat aloud from memory before an audience.

Retrieval

The act of retrieving and making conscious the data stored in one's memory.

Self-Referent Encoding

The process of relating new information to personally relevant information during the memory storage process, enhancing recall.

Visual Image

A mental representation of an object, scene, or face that can be recalled or imagined in the absence of the physical presence of it.