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inna [77]
3 years ago
8

The only skill required of managerial accountants is that they have a solid knowledge of both financial and managerial accountin

g.
Business
1 answer:
abruzzese [7]3 years ago
8 0

Answer:

False

Explanation:

we could see the following difference between Managerial and Financial accounting

Managerial Accounting

  • Primary User: Internal
  • Purpose of Information: To help managers make decisions
  • Focus: Segments
  • Frequency: As needed
  • Auditing: Not subject to audit
  • Required: No
  • Time Frame Focused:Future

Managerial Accounting

  • Primary User: External
  • Purpose of Information: To help investor and creditor make decisions
  • Focus: Entire organization as a whole
  • Frequency: Quarterly and annually
  • Auditing: Publicly held companies are audited
  • Required: Required by GAAP, SEC, IRS, and others
  • Time Frame Focused: Past (historical transactions)

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Cost outlays are recorded as an expense when they are incurred to earn revenue in the _______________ accounting period
Deffense [45]

Answer:

Present

Explanation:

An outlay cost is a cost incurred at the time when we have to execute the strategy or purchasing an asset. It can be paid to the vendors for purchasing the goods like for inventory. So this cost should be recognized as an expense when they are incurred in order to earn the revenue in the current or present accounting period

8 0
2 years ago
Agent Sam told a buyer that the fence line also marked the property line. Agent Sam knew that the property line did not extend t
FinnZ [79.3K]

Answer:

I dont know dude

Explanation:

My bad

6 0
2 years ago
In a finance lease:
Maslowich

Answer:

A) the lessee records an asset and a liability for the present value of lease payments.

Explanation:

In a finance lease, the lessee business must estimate the present value of its obligations under the lease contract (using the lease's interest rate as the discount rate) and record it in the balance sheet as:

  • a debit entry under the fixed asset account
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7 0
2 years ago
Which of the following statements is correct?
AysviL [449]

Answer:

In state welfare capitalism, the government plays an active role in regulating economic activities in an effort to smooth out the boom-and-bust pattern of the business cycle

Explanation:

Nations that adhere to capitalism on the premise of social welfare are characterized by state regulation aimed at protecting the population and ensuring a healthy standard of living. This is especially relevant because it protects citizens from economic instability. Typically, countries where social welfare works, many jobs are public, and the state has several social programs. Examples are Sweden, Norway and Denmark.

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2 years ago
A technology company is growing rapidly and needs to hire experienced developers and marketing professionals. The best people in
Vitek1552 [10]

Answer:

A technology company is growing rapidly and needs to hire experienced developers and marketing professionals. The best people in these fields usually have jobs and need to be enticed to apply elsewhere. To identify individuals who are likely to be a good match, hiring managers should<u> use social media.</u>

EXPLANATION:

Nowadays, social media has taken over and has helped in making several tasks easier. Job search and hiring have been made a lot easier by the use of social media platforms.

The hiring managers of the technology company should use social media platforms, for example, LinkedIn to reach out for all people that fit into the job. Using social media, one can easily screen out for people having experience similar to the job requirements.

6 0
2 years ago
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