Which of the following is a key difference between financial accounting and management accounting quizlet?

Customers-Are there sufficient financial resources to complete an​ order?

Competitors-How well is the opposition​ doing?

Employees-Can the business continue to offer​ employment?

Government-Is there tax due on business​ profits?

Suppliers-Can the business pay for goods bought on​ credit?

Lenders-Can the business repay loans and​ interest?

Owners-Should more shares be​ bought, or should some be​ sold?

Managers-How can the business become more financially​ efficient?

Investment analysts-Should they advise clients to buy or sell​ shares?

Community representatives-What impact does the business have on the​ environment?

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What is the main difference between management accounting and financial accounting?

The first difference is that management accounting is presented to a company's internal community, while financial accounting is prepared for an external audience.

What is the difference between financial management and accounting quizlet?

What is the Key difference between managerial and financial accounting? Managerial Provides information and analysis to managers inside the organization (Company) to help with decision making. While Financial Accounting is the financial information and analyses for (Employees) people outside the Organization (company).

Which of the following is true about the differences between financial and managerial accounting?

Answer and Explanation: The correct answer is c. Managerial accounting places more emphasis on the future.

Which of the following is not one of the key differences between financial and managerial accounting?

Answer and Explanation: The correct answer is; C) Managerial accounting is primarily concerned with providing information for external users while financial accounting is concerned with internal users.