which of the following statements is/are true? standards of presentation are generally the same for both…

which of the following statements is/are true? standards of presentation are generally the same for both financial accounting and management accounting. financial accounting and reporting information is used exclusively by internal parties. managerial accounting and reporting information is used by external and internal parties. financial accounting and reporting information is used by external and internal parties.

which of the following statements is/are true? standards of presentation are generally the same for both financial accounting and management accounting. financial accounting and reporting information is used exclusively by internal parties. managerial accounting and reporting information is used by external and internal parties. financial accounting and reporting information is used by external and internal parties.

Answer

Brief Explanations:

  • Las normas de presentación en contabilidad financiera y contabilidad gerencial son diferentes. La contabilidad financiera sigue normas generalmente aceptadas de contabilidad (GAAP) o IFRS, mientras que la contabilidad gerencial es más flexible y se adapta a las necesidades internas de la empresa.
  • La información de contabilidad financiera se utiliza tanto por partes internas (gerentes) como externas (inversionistas, acreedores, reguladores).
  • La información de contabilidad gerencial se utiliza principalmente por partes internas de la empresa para la toma de decisiones.

Answer:

Financial accounting and reporting information is used by external and internal parties.