1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Zanzabum
3 years ago
10

The primary purpose of managerial accounting is to prepare financial statements in accordance with a reporting framework (e.g. G

AAP). True or false?
Business
1 answer:
Contact [7]3 years ago
3 0

Answer:

False.

Explanation:

There is no specific rule for managerial accounting like GAAP. GAAP is the accounting principles set for financial accounting and not managerial accounting. The main and primary purpose of managerial accounting is to help the managers of an organization to analyze the exact cost that is incurred in the production of sale-able goods and services. This accounting is done completely as per the convenience and discretion of the managers of a company and not by any specified rules and norms.

You might be interested in
You hear on the news that the​ S&P 500 was down 2.6 % today relative to the​ risk-free rate​ (the market's excess return was
Paul [167]

Answer:

a.

Excess return for Zynga today will be -3.38%

b.

Excess return on P&G today will be -1.04%

Explanation:

The excess return is the return earned above/beyond the benchmark return. This benchmark can be set at either the risk free rate or any other stock or portfolio's return.

The return on a stock is usually calculated using the CAPM equation. The CAPM considers risk free rate, the return on market and the stock's beta to calculate the expected return on a stock.

The market always has a beta of 1. Beta is the measure of the volatility of stock returns. If the excess return on the market falls or rises, the effect of this on a stock's excess return will be based on its beta.

a.

The excess return of Zynga today will be =  -2.6% * 1.3   = -3.38%

b.

The excess return of P&G today will be =  -2.6% * 0.4   = -1.04%

8 0
3 years ago
Which resum_ tends to be used to cover employment gaps?
vekshin1
The resume tends to be used to cover employment gaps are : c. functional.
by deviding the employee based on their function, so the employment could work in the same function of their job and reduce the gap.

hope this help

5 0
3 years ago
Read 2 more answers
Jacob is an accounting clerk whose favorite phrase is "whatever the boss wants." jacob will do whatever his boss requests, witho
vekshin1

Jacob is an example of a conformist follower. These kind of followers are also known as the yes people. The explanation behind this is a conformist contributes enthusiastically in a relationship with the boss but doesn't use critical thinking abilities. In other words, a conformist naturally transmits out any and all orders notwithstanding of the environment of the demand. The conformist contributes willingly, but without seeing the costs of what he or she is being requested to do. A conformist is worried only with evading conflict.

5 0
3 years ago
Read 2 more answers
The primary responsibility for fair and accurate financial reporting rests with the:
Nikitich [7]

Answer:

The correct answer is (D)

Explanation:

Financial reporting is a complex task which requires an expert to handle them accurately. Companies make many changes in the real data to slip from government taxes and they usually report losses. Auditors are the one responsible to find discrepancies in the financial reporting. So, the primary responsibility rests with the auditors for accurate financial reporting.

5 0
3 years ago
An example of the ____ effect is when BMW gained in-depth information about visitors to a popular Chinese social media site, and
a_sh-v [17]

Answer:

The correct answer is d

Explanation:

3 0
3 years ago
Other questions:
  • Both James and Thomas have theories that explain why listening to classical music while reading is associated with increased rec
    13·1 answer
  • Vacation Pay and Pension Benefits Regling Company provides its employees vacation benefits and a defined benefit pension plan. E
    11·1 answer
  • Which party is responsible for obtaining informed consent from a client?
    12·1 answer
  • How do you know which unit of a conversion factor must be in the denominator?
    13·1 answer
  • When Congress established the Federal Reserve in​ 1913, its main responsibility was
    5·1 answer
  • Why might network externalities cause a new cable provider to be unsuccessful when it tries to enter the market?
    7·1 answer
  • Present value. The State of Confusion wants to change the current retirement policy for state employees. To do​ so, however, the
    6·1 answer
  • Oct. 1 Stockholders invest $30,000 in exchange for common stock of the corporation.
    15·1 answer
  • Thoro Clean, a firm providing house-cleaning services, began business on April 1. The following accounts in its general ledger a
    10·1 answer
  • What is value laden exchange?​
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!