Managerial Or Financial Accounting?
External stakeholders such as investors, creditors, and banker use which form of accounting?
Financial Accounting
Prepared at the company level
Financial Accounting
Reported through the income statement, balance sheet, and cash flow statement
Financial Accounting
Reports are prepared on a monthly, quarterly, or annual basis
Financial Accounting
Managers inside the organization use which form of accounting?
Managerial Accounting
Prepared a the divisional or departmental level appropriate to the decision being made
Managerial Accounting
Reliable, objective and historical in nature
Managerial Accounting
Relies on a variety of reports targeted at specific decisions, including budgets, cost reports, and performance evaluations
Managerial Accounting
Reports are prepared as needed
Managerial Accounting
