Question

Managerial accounting provides financial information to managers. creditors. investors. the Internal Revenue Service.

Managerial accounting provides financial information to

managers.
creditors.
investors.

the Internal Revenue Service.
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer : Managerial Accounting provides Financial information to Managers.

Explanation :-

  • Managerial Accounting provides information to Internal users i.e Managers.
  • Mangerial Accounting is not for External users like Creditors & Investors.
  • Creditors & Investors are mainly interested in Financial information of the company i.e Financial Accounting , they do not have any interest in Managerial Accounting.
  • External Users such as Internal Revenue Service (IRS) , Creditors , Investors do not use the reports prepared for Management , In short they do not focus on Managerial accounting.
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Which type of accounting provides managers and employees with the information needed to make decisions about...
Which type of accounting provides managers and employees with the information needed to make decisions about a firm's financing, investing, marketing, and operating activities? a. Government accounting b. Not-for-profit accounting c. Cost accounting d. Managerial accounting e. Financial accounting
Select the correct statement regarding managerial and financial accounting. Users of managerial accounting information desire more...
Select the correct statement regarding managerial and financial accounting. Users of managerial accounting information desire more detailed accounting reports than do users of financial accounting information. Both managerial and financial accounting use economic and physical data in addition to financial data. Financial accounting is less regulated than managerial accounting. Timeliness is more important in financial accounting than in managerial accounting
Managerial accounting provides all of the following financial information except: payroll summaries production reports monthly sales...
Managerial accounting provides all of the following financial information except: payroll summaries production reports monthly sales records budgets income statements
External users of accounting information, like the Internal Revenue Service, are most commonly known as
External users of accounting information, like the Internal Revenue Service, are most commonly known as
All true or false Marketing managers can use managerial accounting information to decide whether to advertise...
All true or false Marketing managers can use managerial accounting information to decide whether to advertise on social media. Managerial accounting reports and information are used by external users and financial accounting by internal users. A company that produces products individually designed to meet the needs of a specific customer, would normally use a job order costing system. The total manufacturing costs on job cost sheets for unfinished jobs equals the total amount in the Work in Process Inventory account...
Internal users of accounting information include all of the following except a. marketing managers b. company...
Internal users of accounting information include all of the following except a. marketing managers b. company officers c. production supervisors d. investors
1. Why is financial reporting important for investors, creditors and others? 2. What kind of ethical...
1. Why is financial reporting important for investors, creditors and others? 2. What kind of ethical issues might managers face in dealing with confidential information? 3. How do you decompose Return on Assets into 2 components, and explain each of these 2 components.
Difference between financial accounting and managerial accounting?
Difference between financial accounting and managerial accounting?
Define Managerial Accounting and explain the difference between Financial and Managerial Accounting. PLEASE BE VERY DETAILED...
Define Managerial Accounting and explain the difference between Financial and Managerial Accounting. PLEASE BE VERY DETAILED :)
which of the following groups uses accounting information to determine whether the company's net income will...
which of the following groups uses accounting information to determine whether the company's net income will result in a stock price increase? Chief financial officer Investors in common stock Creditors or marketing managers
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT