Which of the following is false regarding managerial accounting information? Multiple Choice It is often used...
Which of the following is false regarding managerial accounting information?
Multiple Choice
-
It is often used by investors.
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It is more detailed than financial accounting information.
-
It can include nonfinancial information.
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It focuses on divisional rather than overall profitability.
Homework Answers
Ans. Option 1st
Explanation: Managerial information are used by internal users (just like - managers) of the company. Whereas Investors are external users for the company.
The other options are true regarding managerial accounting information.
Add Answer to:
Which of the following is false regarding managerial accounting
information?
Multiple Choice
It is often used...
Which of the following best describes the function of managerial accounting within an organization? Multiple Choice...
Which of the following best describes the function of managerial accounting within an organization? Multiple Choice It has its primary emphasis on the future. It places more emphasis on precision of data than financial accounting does. It focuses on the organization as a whole, rather than on the organization's segments. It is required by regulatory bodies such as the Ontario Securities Commission.
Which of the following best describes the function of managerial accounting within an organization? Multiple Choice...
Which of the following best describes the function of managerial accounting within an organization? Multiple Choice It is required by regulatory bodies such as the Ontario Securities Commission It has its primary emphasis on the future, It focuses on the organization as a whole, rather than on the organization's segments. It places more emphasis on precision of data than financial accounting does.
Which of the following statements about managerial accountants is false? Multiple Choice In a number of...
Which of the following statements about managerial accountants is false? Multiple Choice In a number of companies, managerial accountants make significant business decisions and resolve operating problems. Managerial accountants more and more are considered "business partners." Managerial accountants often are part of cross-functional teams. The role of managerial accountants has changed considerably over the past decade. An increasing number of organizations are segregating managerial accountants in separate managerial-accounting departments.
Which of the following statements best describes managerial accounting?
Which of the following statements best describes managerial accounting? A. Managerial accounting focuses on outside investors and lenders. B. Managerial accounting focuses on information for internal decision making. C. Managerial accounting provides information for the public. D. Managerial accounting provides information for taxing authorities.
All of the following are features of managerial accounting except Multiple Choice information is characterized by...
All of the following are features of managerial accounting except Multiple Choice information is characterized by objectivity, reliability, consistency, and accuracy. information is reported continuously with a present or future orientation information includes economic and non-financial data as well as financial data. information is provided primarily to insiders such as managers
Which of the following statements is correct? Multiple Choice An accounting system is suitable for a...
Which of the following statements is correct? Multiple Choice An accounting system is suitable for a firm as long as the system complies with GAAP. When accounting information is used for internal purposes, a company is not required to comply with specific external accounting standards. Managerial accounting information should be as accurate as the technology allows. Financial and managerial accounting are identical, only the users are different.
Which of the following best represents a characteristic of managerial accounting? Multiple Choice Information is based...
Which of the following best represents a characteristic of managerial accounting? Multiple Choice Information is based on estimates and is bounded by relevance and timeliness. Information is characterized by reliability and objectivity. Information is historically based and reported annually. Information is regulated by the Securities and Exchange Commission.
Which of the following statements about managerial accounting is false? Managerial accounting is based on reliable,...
Which of the following statements about managerial accounting is false? Managerial accounting is based on reliable, historical information, while financial accounting is based on relevant, forward-looking information External auditors are used to verify the reliability of financial information to the investing public o The Chief Financial Officer is responsible for managing financial risk within an organization, and both the Treasurer and the Controller typically report up to the CFO. Managerial accounting is focused on reporting the results of segments within...
Choose the answer that is not a distinguishing characteristic of financial accounting information. Multiple Choice It...
Choose the answer that is not a distinguishing characteristic of financial accounting information. Multiple Choice It is global information that reflects the performance of the whole company. It is more highly regulated than managerial accounting information. It is more concerned with financial data than physical or economic data. It is focused primarily on the future.
Which of the following is the primary user of management accounting information regarding business units? Multiple...
Which of the following is the primary user of management accounting information regarding business units? Multiple Choice Industry and governmental organizations. Company management. Creditors Investors.
Which of the following best describes the function of managerial accounting within an organization? Multiple Choice It has its primary emphasis on the future. It places more emphasis on precision of data than financial accounting does. It focuses on the organization as a whole, rather than on the organization's segments. It is required by regulatory bodies such as the Ontario Securities Commission.
Which of the following best describes the function of managerial accounting within an organization? Multiple Choice It is required by regulatory bodies such as the Ontario Securities Commission It has its primary emphasis on the future, It focuses on the organization as a whole, rather than on the organization's segments. It places more emphasis on precision of data than financial accounting does.
All of the following are features of managerial accounting except Multiple Choice information is characterized by objectivity, reliability, consistency, and accuracy. information is reported continuously with a present or future orientation information includes economic and non-financial data as well as financial data. information is provided primarily to insiders such as managers
Which of the following best represents a characteristic of managerial accounting? Multiple Choice Information is based on estimates and is bounded by relevance and timeliness. Information is characterized by reliability and objectivity. Information is historically based and reported annually. Information is regulated by the Securities and Exchange Commission.
Which of the following statements about managerial accounting is false? Managerial accounting is based on reliable, historical information, while financial accounting is based on relevant, forward-looking information External auditors are used to verify the reliability of financial information to the investing public o The Chief Financial Officer is responsible for managing financial risk within an organization, and both the Treasurer and the Controller typically report up to the CFO. Managerial accounting is focused on reporting the results of segments within...
Choose the answer that is not a distinguishing characteristic of financial accounting information. Multiple Choice It is global information that reflects the performance of the whole company. It is more highly regulated than managerial accounting information. It is more concerned with financial data than physical or economic data. It is focused primarily on the future.
Which of the following is the primary user of management accounting information regarding business units? Multiple Choice Industry and governmental organizations. Company management. Creditors Investors.
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