1BTN1DQ1E1MCQ1PA1PB1QS2BTN2DQ2E2MCQ2PA2PB2QS3BTN3DQ3E3MCQ3PA3PB3QS4BTN4DQ4E4MCQ4PA4PB4QS5BTN5DQ5E5MCQ5PA5PB5QS6BTN6DQ6E6QS7BTN7DQ7E7QS8BTN8DQ8E8QS9BTN9DQ9E9QS10DQ10E10QS11DQ11E11QS12DQ12E12QS13DQ13E13QS14DQ14E14QS14SP15DQ15E15QS16DQ16E16QS17DQ17E17QS18DQ18E19DQ19E20DQ21DQ22DQ23DQ24DQ25DQ
Identify whether each description most likely applies to managerial (M) or financial (F) accounting.

You are watching: Identify whether each description most likely applies to managerial or financial accounting.

_______1. Its major users are firm managers.

_______2. Its details is often obtainable only after an audit is complete.

_______3. its primary emphasis is top top the company as a whole.

_______4. its principles and also practices are really flexible.

_______5. If focuses mainly on previous results.


Financial accounting:

• Financial accounting is mainly faces the ready of jae won statements i m sorry are required to be circulated to every stakeholders.

• gaue won statements are contains income statement, balance sheet, and also statement that cash flows.

• as financial explanation are compelled for all stakeholders, it focuses on whole organisation.

• basic accepted audit principles are complied with in financial accountancy in preparation of gaue won statements. It focuses on former results.

• Audit is compelled for financial statements to do fair information for stakeholders. Hence, it is the information obtainable only after an audit is complete.


Chapter 14, trouble 1QS is solved.

See more: Creator / Gary Anthony Williams Movies And Tv Shows, Creator / Gary Anthony Williams


View this answerView this answerView this answer done loading
View a sample solution
Step 2 the 3
*

Financial and also Managerial accounting | 7th Edition
ISBN-13:9781259726705ISBN:1259726703Authors:John Wild,Ken Shaw,Barbara Chiappetta rental | buy
This is an alternative ISBN. Check out the main ISBN for: null null edition Textbook Solutions
This is an alternating ISBN. See the primary ISBN for: null null version Textbook Solutions
Financial and Managerial audit (7th Edition) modify editionSolutions for Chapter 14Problem 1QS: determine whether each description most likely applies to managerial (M) or jae won (F) accounting._______1. Its major users are agency managers._______2. Its details is often obtainable only ~ an audit is complete._______3. The primary emphasis is top top the organization as a whole._______4. Its principles and practices are an extremely flexible._______5. If focuses mainly on previous results.…
Solutions for problems in chapter 14
Back come top
Chapter 14, trouble 1QS is solved.
Get solutionsGet solutionsGet solutions done loading

COMPANY


LEGAL & POLICIES


thedesigningfairy.com PRODUCTS and SERVICES


thedesigningfairy.com NETWORK


CUSTOMER SERVICE


*
*