Answered: Managerial accounting focuses on…

Managerial accounting focuses on historical information while financial accounting focuses on the future and making projections. TRUE FALSE

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 4DQ: Should a managerial accounting system provide both financial and nonfinancial information? Explain.

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Managerial accounting focuses on historical information while financial accounting focuses on
the future and making projections.
TRUE
FALSE

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