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:

Acromegaly

A hormonal disorder that results from the excessive production of growth hormone, leading to enlargement of body parts.

Growth Hormone

A peptide hormone that stimulates growth, cell reproduction, and cell regeneration in humans and other animals.

Triiodothyronine

A thyroid hormone, also known as T3, that plays an important role in the body's control of metabolism.

Anterior Pituitary

A part of the pituitary gland responsible for releasing hormones that regulate various bodily functions, including growth, metabolism, and reproduction.