If you compare a GAAP financial statement to a managerial accounting report, the managerial report is...
If you compare a GAAP financial statement to a managerial
accounting report, the managerial report is more likely to:
view the entire company as the reporting entity.
focus on the operations of the last accounting period.
focus on decision makers outside the company.
present accounting details at the product level.
Homework Answers
Option B is the answer
focus on the operations of the last accounting period.
Financial statements are prepared for the stakeholders of entity whereas managerial report is basically a performance report card for the people managing business entity
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