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Managerul accounting differs from financial accounting in several areas Specify whether each of the Previous questionates to managinal atcounting or Inancial accou b Reports are

image text in transcribedimage text in transcribed Managerul accounting differs from financial accounting in several areas Specify whether each of the Previous questionates to managinal atcounting or Inancial accou b Reports are usually prepared quartiny and annually Infomation is verad by external auditors Focus is on the past 4. Man characteristic of information is that o must be relevant Seports tend to be preparat for the ports of the organization cather than the whole era t Pimaly uters as nternal company managers " is gemed by Generally Acated Accounting Principles (GAAP) or Internal Facal Report Sons (FR) h L L The primary characteretes of women are that must be land imaged fy tega roguents Pinay users are wornale the e Raborty bad many on the company while following charactenstics relates to managerial accounting or financial accounting Reports are usually prepared quarterly and annually b. eformation is verified by external auditors c Focus is on the past d. Man characterstic of information is that must be relevant .. Reports tend to be prepared for the parts of the organization rather than the whole organization L Primary users are intemal (e. company managers). a It is governed by Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) ". The primary characteristics of information are that it must be reliable and objective " Reports are prepared an needed ' is not govermed by legal requirements . L Primarysers are extemale, tredo) Facuna on the te m Reporting is based mainly on the company as a whole

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