Question: Use the following table to indicate whether the information is more representative of managerial Versus financial accounting. The first item is shown as an example.
Financial Managerial
Information Item Accounting Accounting
Estimates of future revenue...............................................................X
GAAP-based product cost
Salary of the manager of a particular branch of a bank
Salary expense for all company employees shown in the income statement
Historical-based information included in financial statements
Reporting rules established by government authorities
Reports designed for the company president
Daily time clock reports
A company's annual report to stockholders
Budgets
Information provided to investors and creditors
Vacation schedules for key employees
Customer satisfaction survey results
Amount of total assets shown on the balance sheet
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