Financial accountants use estimates of financial value differently than either cost or management accountants.

Required

1.	Identify two differences in use.
2.	Identify similarities among accountants.

Requirement 1. Identify two differences in use.

Select all that apply.

A.

The goal of financial accounting is to measure, analyze, and report financial and nonfinancial information to internal managers.

B.

Management accountants use financial accounting information to make an analysis or a report using techniques that are appropriate to the management decision.

C.

Management accountants classify transactions according to CPA standards and GAAP. They report this information to external parties.

D.

Financial accountants classify transactions according to CPA standards and GAAP.