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1-2question

(1) A management accountant can help formulate a strategy by A. providing information about the cost of a product which will help to determine which products to offer. B. providing information about historical financial results. C. providing information about the sources of competitive advantage, such as the cost, productivity, or efficiency advantage of their company relative to competitors. D. measuring business transactions that are based on generally accepted accounting principles (GAAP), which will then determine financial figures that effect managers' compensation. (2) How does management accounting differ from financial accounting? A. Management accounting measures and reports financial and nonfinancial information that helps managers make decisions to fulfill the goals of an organization. Financial accounting measures and records business transactions and provides financial statements that are based on generally accepted accounting principles (GAAP). B. Management accounting measures, analyzes, and reports financial and nonfinancial information relating to the costs of acquiring or using resources in an organization. Financial accounting measures and reports financial and nonfinancial information that helps managers make decisions to fulfill the goals of an organization. C. Management accounting measures, analyzes, and reports financial and nonfinancial information relating to the costs of acquiring or using resources in an organization. Financial accounting measures and records business transactions and provides financial statements that are based on generally accepted accounting principles (GAAP). D. Management accounting measures and reports financial and nonfinancial information that helps managers make decisions to fulfill the goals of an organization. Financial accounting measures, analyzes, and reports financial and nonfinancial information relating to the costs of acquiring or using resources in an organization