Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Match the various items with Managerial Accounting or Financial Accounting Users of Information are managers within the organization. Users of Information are interested parties from

Match the various items with Managerial Accounting or Financial Accounting

Users of Information are managers within the organization.

Users of Information are interested parties from outside the organization.

Regulation is not required and unregulated, since the information is indented only for management.

Regulation is required and the information produced must conform to generally accepted accounting principles. Regulators include the International Accounting Standards Board, the Financial Accounting Standards Board (U.S.) and the U.S. Securities and Exchange Commission.

The organization's core accounting system and various other sources, provide financial data as well as nonfinancial data.

Almost all data is exclusively drawn from the organization's core accounting system, which accumulates financial information.

Reports often focus on subunits within the organization. The reports are based on a combination of historical data, estimates, and projection of future events.

Published reports focus on the enterprise in its entirety as a consolidation of reports of geographic or business segment divisions and almost exclusively on historical transaction data.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using Financial Accounting Information The Alternative to Debits and Credits

Authors: Gary A. Porter, Curtis L. Norton

7th Edition

978-0-538-4527, 0-538-45274-9, 978-1133161646

More Books

Students also viewed these Accounting questions