Management accounting differs from financial accounting in a number of ways. Indicate whether each of the following

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Management accounting differs from financial accounting in a number of ways. Indicate whether each of the following characteristics relates to management accounting (MA) or financial accounting (FA):

1. Publically reported

2. Forward looking

3. Usually confidential

4. Complies with accounting standards

5. Reports past performance

6. Uses physical measures as well as monetary ones for reports

7. Focus on business decision making

8. Driven by user needs.

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Principles of Accounting

ISBN: 978-1439037744

11th Edition

Authors: Needles, Powers, crosson

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Question Posted: Feb 23, 2012 02:39 AM

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Management accounting differs from financial accounting in a number of ways. Indicate whether each of the following

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