Financial and Managerial accounting are similar in that both

Financial and Managerial accounting are similar in that both 0 A. are designed to meet the needs of managers B. primarily emphasize future operating results and goals C. provide information primarily to external users. . ( D. 0 E. are regulated by outside regulatory agencies and commissions. use information provided by the internal accounting system

Solution

A. are designed to meet the needs of managers - this characteristic is of managerial accounting.

B. Primarily emphasize future operating results and goals - this characteristic is of managerial accounting.

C. Provide information primarily to external users - this characteristic is of financial accounting.

d. are regulated by outside regulatory agencies and commissions - this characteristic is of financial accounting.

Financial accounting and managerial accounting are similar in that both - E. use information provided by the internal accounting system. Answer