ACCT 212 Chapter Notes - Chapter 1: Enterprise Risk Management, Management Accounting, Cost Accounting
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Select the correct statement regardingmanagerial and financial accounting.
Users of managerial accounting information desire more detailedaccounting reports than do users of financial accountinginformation. | ||
Both managerial and financial accounting use economic andphysical data in addition to financial data. | ||
Financial accounting is less regulated than managerialaccounting. | ||
Timeliness is more important in financial accounting than inmanagerial accounting |