Which one of the following statements is not correct regarding financial accounting and management accounting? Financial accounting reports need to be audited to verify their accuracy unlike management accounting reports which do not need to be audited. O a. O b. Only financial accounting involves the use of accounting information. Management accounting information emphasize supporting ffact the future unlike financial accounting c.

Which one of the following statements is not correct regarding financial accounting and management accounting? Financial accounting reports need to be audited to verify their accuracy unlike management accounting reports which do not need to be audited. O a. O b. Only financial accounting involves the use of accounting information. Management accounting information emphasize supporting ffact the future unlike financial accounting c.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter1: Accounting And The Financial Statements

Section: Chapter Questions

Problem 13MCQ

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Similar questions

Which of the following statements is incorrect? The practice of management accounting is fairly flexible. The information gathered from management accounting is not required by law. Management accounting focuses mainly on the internal user. Reports produced using management accounting must follow GAAP.
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