Financial versus managerial accounting items
Required
Indicate whether each of the following items is representative of financial or managerial accounting.
a. Condensed financial information sent to current investors at the end of each quarter.
b. Audited financial statements submitted to bankers when applying for a line of credit.
c. A weekly cash budget used by the treasurer to determine whether cash on hand is excessive.
d. Monthly sales reports used by the vice president of marketing to help allocate funds.
e. Divisional profit reports used by the company president to determine bonuses for divisional vice presidents.
f. Financial results used by stockbrokers to evaluate a company’s profitability.
g. Quarterly budgets used by management to determine future borrowing needs.
h. Financial statements prepared in accordance with generally accepted accounting principles.
i. Annual financial reports submitted to the SEC in compliance with federal securities laws.
j. Projected budget information used to make logistical decisions.