The scope of cost accounting Selected answer will be automatically saved. For keyboard navigation, press up/down atrow keys to select an answer. a is restricted to simply methods in costing products for businesses. b analyzes the activities and transactions of every aspect of an organization's value chain. c includes the preparation of financial information and reports primarily for external users. d focuses on the preparation of financial information and reports that follow GAAP rules The art and science of leverages raw data into important insights that help companies make decisions. Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a regression analysis b break-even analysis c variance analysis d data analytics Question 7 The primary difference in reporting between cost accounting and financial accounting is that Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a cost accounting reports support internal management decision-making whereas financial accounting reports present financial statement information to external users and decision-makers who do not work for the company. b cost accounting reports are externally focused whereas financial accounting reports are internally focused. c cost accounting reports are subject to GAAP and/or IFRS whereas financial accounting reports are not. d cost accounting reports cannot be arranged or presented in any reasonable way and cannot be modified based on manager's feedback whereas financial accounting reports can. The financial manager who is responsible for managing cash, cash equivalents, short-term investments, issuance of debt and equities, and relationships with lenders is the Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a Controller Treasurer c Chieffinancial officer d Auditor The Chief financial officer is responsible for Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a managing cash, cash equivalents, short-term investments, issuance of debt and equities, and relationships with lenders only. b the financial rep processes only. all processes within the finance and accounting functional areas and an important player in strategic decisions for the company. d preparing internal and external financial reports and records