Financial Accounting vs

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Which type of accounting is concerned with reporting financial information to external parties such as stakeholders and regulators?

Managerial Accounting

Segment Accounting

Financial Accounting (correct)

Performance Accounting

Which type of accounting provides information to managers for use within the organization?

Financial Accounting

Performance Accounting

Segment Accounting

Managerial Accounting (correct)

Which activity is NOT one of the vital activities that managerial accounting helps managers perform?

Planning

Reporting (correct)

Decision Making

Controlling

What are examples of business segments?

All of the above Signup and view all the answers

What does a performance report compare?

Budgeted data to actual data Signup and view all the answers

Which type of accounting is concerned with assigning cost to cost objects?

Managerial Accounting Signup and view all the answers

What is the purpose of a performance report?

To compare budgeted vs. actual data Signup and view all the answers

Which one of the following is NOT one of the three vital activities that managerial accounting helps managers perform?

Reporting Signup and view all the answers

Which type of accounting is concerned with providing cost, revenue, or profit data for specific business segments?

Segment Accounting Signup and view all the answers

What is the main difference between financial accounting and managerial accounting?

Financial accounting is for external parties, while managerial accounting is for within the organization Signup and view all the answers

Financial Accounting vs

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Questions and Answers

Which type of accounting is concerned with reporting financial information to external parties such as stakeholders and regulators?

Which type of accounting provides information to managers for use within the organization?

Which activity is NOT one of the vital activities that managerial accounting helps managers perform?

What are examples of business segments?

What does a performance report compare?

Which type of accounting is concerned with assigning cost to cost objects?

What is the purpose of a performance report?

Which one of the following is NOT one of the three vital activities that managerial accounting helps managers perform?

Which type of accounting is concerned with providing cost, revenue, or profit data for specific business segments?

What is the main difference between financial accounting and managerial accounting?

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