Question: QS 1 4 - 1 ( Static ) Managerial vs . financial accounting LO C 1 Identify whether each description most likely applies to managerial

QS 14-1(Static) Managerial vs. financial accounting LO C1
Identify whether each description most likely applies to managerial or financial accounting.1. Its primary users are company managers.
2. Its information is often available only after an audit is complete.
3. Its primary focus is on the organization as a whole.
4. Its principles and practices are relatively flexible.
5. It focuses mainly on past results.

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