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please answer it asap Mike podoloski has prepared the following list of statements about about managerial accounting and financial accounting. a) Managerial accounting reports must
please answer it asap
Mike podoloski has prepared the following list of statements about about managerial accounting and financial accounting. a) Managerial accounting reports must comply with generally accepted accounting principles. b) Financial accounting reports are general purpose reports. c) Preparation of budgets is part of financial accounting d) Although managerial accountant are expected behave ethically, there is no code of ethical standards for managerial accounting. e) Managerial accounting applies only to merchandising and manufacturing companies. 1) Both Managerial accounting and financial accounting deal with many of the same economic events. g) Managerial accounting reports are prepared only quarterly and annually. h) Financial accounting focuses on providing information to internal users. i) Analyzing cost-volume-profit relationship j) Managerial accounting reports pertain to subunits of the business. Required: Identify each statement as True or False, indicate how to correct the statement Step by Step Solution
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