Homework Answers
Correct answer-------------It is focused primarily on future.
.
Financial accounting is based on historical data and reports the information regarding the past period such as last year or month or quarter. It is not based on future estimates.
Financial accounting is highly regulated and is concerned with financial data only.
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Choose the answer that is not a distinguishing characteristic of financial accounting information. Multiple Choice It...
1. Choose the answer that is not a distinguishing characteristic of financial accounting information. It is...
1. Choose the answer that is not a distinguishing characteristic of financial accounting information. It is global information that reflects the performance of the whole company. It is used primarily by internal users to facilitate decision making within the company. It is more concerned with financial data than physical or economic data. It is more highly regulated than managerial accounting information. 2. What types of businesses can use a job costing system? A. Manufacturing and merchandising businesses B....
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 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.
[A Financial accounting information and managerial accounting information have a number of distinguishing characteristics. To submit...
[A Financial accounting information and managerial accounting information have a number of distinguishing characteristics. To submit your answer, number your answer space 1 through 10 (corresponding to the numbering of the items below). For each of the characteristics listed below, indicate which characteristics are more closely related to financial accounting by placing the letter "F" in the space to the left of the item and indicate those characteristics which are more closely associated with managerial accounting by placing the letter...
A Financial accounting information and managerial accounting information have a number of distinguishing characteristics. To submit...
A Financial accounting information and managerial accounting information have a number of distinguishing characteristics. To submit your answer, number your answer space 1 through 10 (corresponding to the numbering of the items below). For each of the characteristics listed below, indicate which characteristics are more closely related to financial accounting by placing the letter "F" in the space to the left of the item and indicate those characteristics which are more closely associated with managerial accounting by placing the letter...
9) Which of the following costs would be classi fied as a di rect cost for a company that produces motorcycles? A)...
9) Which of the following costs would be classi fied as a di rect cost for a company that produces motorcycles? A) Wages of motorcycle assembly workers B) Seats used in the motorcycles. C) Rent of manufacturing facility that produces motorcycles. D) Both seats used in the motorcycles and wages of motorcycle assembly workers are correct. 10) Select the correct statement regarding managerial and financial accounting. A) Financial accounting is more highly regulated than managerial accounting B) Users of managerial...
Indicate whether each of the following items is representative of managerial or of financial accounting: Information...
Indicate whether each of the following items is representative of managerial or of financial accounting: Information is factual and is characterized by objectivity, reliability, consistency, and accuracy. Information is reported continuously and has a current or future orientation. Information is provided to outsiders, including investors, creditors, government agencies, analysts, and reporters. Information is regulated by the SEC, FASB, and other sources of GAAP. Information is based on estimates that are bounded by relevance and timeliness. Information is historically based and...
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.
Managerial accounting differs from financial accounting in that financial accounting is
Managerial accounting differs from financial accounting in that financial accounting isa) More oriented toward the futureb) Primarily concerned with external financial reportingc) Related to nonquantitative informationd) Heavily involved with decision analysis and implementation of decisions
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.
[A Financial accounting information and managerial accounting information have a number of distinguishing characteristics. To submit your answer, number your answer space 1 through 10 (corresponding to the numbering of the items below). For each of the characteristics listed below, indicate which characteristics are more closely related to financial accounting by placing the letter "F" in the space to the left of the item and indicate those characteristics which are more closely associated with managerial accounting by placing the letter...
A Financial accounting information and managerial accounting information have a number of distinguishing characteristics. To submit your answer, number your answer space 1 through 10 (corresponding to the numbering of the items below). For each of the characteristics listed below, indicate which characteristics are more closely related to financial accounting by placing the letter "F" in the space to the left of the item and indicate those characteristics which are more closely associated with managerial accounting by placing the letter...
9) Which of the following costs would be classi fied as a di rect cost for a company that produces motorcycles? A) Wages of motorcycle assembly workers B) Seats used in the motorcycles. C) Rent of manufacturing facility that produces motorcycles. D) Both seats used in the motorcycles and wages of motorcycle assembly workers are correct. 10) Select the correct statement regarding managerial and financial accounting. A) Financial accounting is more highly regulated than managerial accounting B) Users of managerial...
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.
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