INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Managerial accounting differs from financial accounting because managerial accounting
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Helps people within a business rather than outside of the organization
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Does not focus on planning and budgeting
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Is governed by federal regulation
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Has less impact on decision-making
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Explanation:
Detailed explanation-1: -Managerial accounting information is aimed at helping managers within the organization make well-informed business decisions, while financial accounting is aimed at providing financial information to parties outside the organization.
Detailed explanation-2: -Which of the following statements about differences between financial and managerial accounting is incorrect? a Managerial accounting information is prepared primarily for external parties such as stockholders and creditors; financial accounting is directed at internal users.
There is 1 question to complete.