December 3rd, 2009
Accounting . Applies . Description . Each . Financial Questions . Identify . Likely . Managerial . Most . Whether
Identify Whether Each Description Most Likely Applies To Managerial Or Financial Accounting?
1. _______ Its primary focus is on the organization as a whole.
2. _______ Its principles and practices are very flexible.
3. _______It is directed at external users in making investment, credit, and other decisions.
4. _______Its primary users are company managers.
5. _______ Its information is often available only after an audit is complete.
