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Identify a difference between managerial accounting and financial accounting.a. Managerial accounting focuses on external users; financial accounting focuses on internal users.b. Managerial accounting provides internal
Identify a difference between managerial accounting and financial accounting.a. Managerial accounting focuses on external users; financial accounting focuses on internal users.b. Managerial accounting provides internal evaluation of a firm; financial accounting provides information about a firm as a whole.c. Managerial accounting has a historical orientation; financial accounting emphasizes the future.d. Managerial accounting is self-contained in nature; financial accounting is multidisciplinary in nature.
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