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Financial accounting provides information to all users, while the main focus for managerial
accounting is to provide information to the management.
True
False
Solution
True financial accounting provides information to all users such as lenders , stockholders
whereas managerial accounting provides information to management so that they can utilise the
resources efgfectively and efficiently and maximise the profitability of the company

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Financial accounting provides information to all users, while the ma.pdf

  • 1. Financial accounting provides information to all users, while the main focus for managerial accounting is to provide information to the management. True False Solution True financial accounting provides information to all users such as lenders , stockholders whereas managerial accounting provides information to management so that they can utilise the resources efgfectively and efficiently and maximise the profitability of the company