Managerial Or Financial Accounting?

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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

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