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Questions and Answers
Which type of accounting primarily concerns providing information to people inside an organization who direct and control its operations?
Which type of accounting primarily concerns providing information to people inside an organization who direct and control its operations?
- Financial accounting
- Managerial accounting (correct)
- Cost accounting
- Tax accounting
Which type of accounting primarily concerns providing information to shareholders, creditors, and others who are outside an organization?
Which type of accounting primarily concerns providing information to shareholders, creditors, and others who are outside an organization?
- Cost accounting
- Managerial accounting
- Financial accounting (correct)
- Tax accounting
Which type of accounting focuses on a limited set of specific quarterly and annual financial statements prepared in accordance with generally accepted accounting principles (GAAP) and government regulations?
Which type of accounting focuses on a limited set of specific quarterly and annual financial statements prepared in accordance with generally accepted accounting principles (GAAP) and government regulations?
- Managerial accounting
- Cost accounting
- Financial accounting (correct)
- Tax accounting
What is a budget in the context of managerial accounting?
What is a budget in the context of managerial accounting?
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What are the major tasks performed by managers in an organization?
What are the major tasks performed by managers in an organization?
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