Following are aspects of accounting information Classify each as pertaining more to financial accounting (F) or to management accounting (M) 1 Primary users are external 2 Includes more non monetary information 3 Focuses more on future than past 4 Uses many estimates and projections 5 Controlled by...

The correct answers are Workings Financial accounting is accounting which d ...

Following are aspects of accounting information. Classify each as pertaining more to financial accounting (F) or to

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Following are aspects of accounting information. Classify each as pertaining more to financial accounting (F) or to management accounting (M):

1.Primary users are external
2. Includes more non-monetary information
3. Focuses more on future than past
4.Uses many estimates and projections
5. Controlled by GAAP
6. Used in managers’ planning decisions
7. Focuses on the whole organizations
8. Not constrained by GAAP