Managerial accounting is different from financial accounting in that: Multiple Choice Managerial accounting is more focused on the organization as a whole and financial accounting is more focused on subdivisions of the organization. Managerial accounting never includes nonmonetary information. Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions. Managerial accounting is used extensively by investors, whereas financial accounting is used only by creditors. Managerial accounting is mainly used to set stock prices.

Question

Business

Guest

17 December, 10:17

Managerial accounting is different from financial accounting in that: Multiple Choice Managerial accounting is more focused on the organization as a whole and financial accounting is more focused on subdivisions of the organization. Managerial accounting never includes nonmonetary information. Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions. Managerial accounting is used extensively by investors, whereas financial accounting is used only by creditors. Managerial accounting is mainly used to set stock prices.

+3

Answers (1)

Know the Answer?

Elijah · Answer 1

Answer: Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.

Explanation: Managerial accounting is the type of accounting under which the managers use the accounting estimates and make several assumptions to make decisions that can affect future results of business operations.

Under financial accounting recording, summarizing and presentation of data in a financial statement is done. It is used to keep track of the past transactions hence no assumptions are needed to make for important aspects.