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Ugo [173]
3 years ago
13

Select the correct statement regarding managerial and financial accounting. Multiple Choice Timeliness is more important in fina

ncial accounting than in managerial accounting. Both managerial and financial accounting use economic and physical data in addition to financial data. Users of managerial accounting information desire greater aggregation than do users of financial accounting information. Financial accounting is more highly regulated than managerial accounting.
Business
2 answers:
rusak2 [61]3 years ago
5 0

Answer:

Financial accounting is more highly regulated than managerial accounting.

Explanation:

Financial accounting is highly regulated and follows laid down principles that must be followed. International Financial Reporting Standard (IFRS) and Generally Accepted Accounting Principles (GAAP) are two examples of regulatory guidelines for financial accounting.

On the other hand managerial accounting is flexible and tailored to the manager's needs.

It must not follow the strict guidelines of financial accounting. This is because managerial accounting is used internally by a company and is not subject to public scrutiny.

tigry1 [53]3 years ago
3 0

Answer: Financial accounting is more highly regulated than managerial accounting.

Explanation:

Financial Accounting is meant to provide information about a company to stakeholders which includes investors, potential investors, creditors and the like. For this reason, it is quite regulated. In the US, the GAAP governs Financial Accounting and guides how information should be accounted and presented and in the rest the world IFRS is usually used. This shows how regulated Financial accounting is.

Managerial Accounting on the other hand is meant to provide information based on the figures on how a company can take advantage of the numbers. They are therefore less regulated and can involve tests that cannot be done in financial accounting. Managerial Accounting is not even regulated by GAAP.

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A rise in the domestic real interest rate would cause a ________ in net exports and a ________ in the exchange rate.
Kisachek [45]

A rise in the domestic real interest rate would cause a fall in net exports and a RISE  in the exchange rate.

In general, businesses and consumers spend less when interest rates are high. This is because borrowing money costs more when interest rates are high. As a result, companies frequently turn to the stock market to raise money, which can cause stock values to decline.

An increase in interest rates causes the local currency to appreciate. In comparison to domestic goods and services, import prices decline. Exports see a decline in profitability and competition. Exports decline while imports rise, reducing the net export portion of total demand and spending.

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5 0
1 year ago
An investment made 10 years ago is worth $100,000. if the annual return over these 10 years was 7.20%, then the original investm
GenaCL600 [577]

The original investment amount was $ 68.56 then annual return on investment is 10 years was 7.20% interest.

What is investment?

Investment definition is assets invested in to build wealth and save money on bank, property and projects for specific time period of money.

PV is a present value, FV is a future value, i is interest, n is number of period

PV= FV/ (1 + i) n

PV= 1, 00,000 / (1+7.20%) 10

PV =68.5650014087

As a result, the original amount of investment is 68. 56

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7 0
1 year ago
What are some specific emotional reasons people may reject the gospel message
natima [27]

Some people might reject the gospel message because they have a different opinion on the matter, they have a different religion, or they simply don't understand. People tend to reject things they don't understand.

6 0
3 years ago
Which of the following statements is the most correct regarding errors and fraud? Group of answer choices Errors are always frau
Sergio039 [100]

Answer:

An error is unintentional, whereas fraud is intentional.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP).

An auditor refers to an authorized individual who review, examine and verify the authenticity and accuracy of business financial records or transactions.

Thus, an audit of historical financial statements most commonly includes the balance sheet, income statement, statement of cash flows, and the statement of changes in stockholders' equity.

Hence, the statement which is the most correct regarding errors and fraud is that, an error is an unintentional that can happen to any financial expert, whereas fraud is intentional.

3 0
2 years ago
A thief uses a bag of sand to replace a gold statue that sits on a weight sensitive alarmed pedestal. The bag of sand and the st
GaryK [48]

Answer:

No, the thief didn't set off the alarm. As the mass of the gold statue and the bag of sand is different, the alarm clock will start ringing once the statue is replaced with the bag of sand. Thus, the thief screwed up the operation.

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