Which of the following statements is NOT true? 1 Financial accounting reports are aimed at internal users
Fantastic news! We've Found the answer you've been seeking!
Question:
- Which of the following statements is NOT true?
- 1 Financial accounting reports are aimed at internal users of accounting information while management accounting reports are aimed at external users of accounting information.
- 2 Financial accounting summarizes accounting data while management accounting breaks down costs into their detailed components.
- 3 Financial accounting reports report on what has happened while management accounting reports focus on current activity and future projections.
- 4 Financial accounting reports are used by investors to make investmentdecisions while management accounting reports are used by managers to make business decisions.
Related Book For
Auditing a risk based approach to conducting a quality audit
ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
Posted Date: