Answer: Please answers are in the Explanation section.
Explanation:According to the
managerial accounting, financial accounting, and the functions of management, the following apply.
1. Financial accounting focuses on providing information to internal users ,-----False
2. Staff positions are directly involved in the company’s primary revenue-generating activities---False
3. Preparation of budgets is part of financial accounting --- False
4. Managerial accounting applies only to merchandising and manufacturing companies--- False
5. Both managerial accounting and financial accounting deal with many of the same economic events.---True
6. Managerial accounting reports are prepared only quarterly and annually.--- False
7. Financial accounting reports are general-purpose reports.--- True
8. Managerial accounting reports pertain to subunits of the business--True-
9. Managerial accounting reports must comply with generally accepted accounting principles -----False
10. The company treasurer reports directly to the vice president of operations---False.
