Register now or log in to join your professional community.
<p><em><strong>A. Managerial accounting is generally more precise. </strong></em></p> <p><em><strong>B. Managerial accounting has a past focus, and financial accounting has a future focus. </strong></em></p> <p><em><strong>C. The emphasis on managerial accounting is relevance, and the emphasis on financial accounting is timeliness. </strong></em></p> <p><em><strong>D. Managerial accounting need not follow generally accepted accounting principles (GAAP), while financial accounting must follow them.</strong></em></p>
very good Question
_____________________
Yes Correct option is D"""""""""""""""""""
The answer is letter D. Managerial accounting need not follow GAAP while Financial accounting shoud follow GAAP.
Answer (D) is correct........
financial accounting must follow generally accepted accounting principles while managerial need not follow them,option D is the correct answer
D. Managerial accounting need not follow generally accepted accounting principles (GAAP), while financial accounting must follow them. (In fact, conformance with U.S. GAAP may be a deterrent to getting useful information for internal decision-making purposes)
Answer is :- D
Financial Accounting should follow GAAP while Managerial Accounting need not follow
D: Option D is the most relevant answer
