Question: Knowledge Check 01 Match the term and the definition. Managerial accounting Emphasizes decisions affecting the future. Emphasizes relevance. Emphasizes financial consequences of past activities. Not

Knowledge Check 01 Match the term and the definition. Managerial accounting Emphasizes decisions affecting the future. Emphasizes relevance. Emphasizes financial consequences of past activities. Not required to follow GAAP. Emphasizes objectivity Knowledge Check 02 Planning involves O hiring employees O setting goals and objectives O analyzing financial statements O coordinating company activities

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