Managerial accounting is different from financial accounting in that:

Multiple Choice

Managerial accounting never includes nonmonetary information.

Managerial accounting is structured and controlled by GAAP.

Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.

Managerial accounting is used extensively by investors, whereas financial accounting is used only by creditors.

Managerial accounting is more focused on the organization as a whole, while financial accounting is more focused on projects, processes,