Question

How do financial accounting and management accounting differ?

A. Financial accounting focuses on providing financial information to users inside and outside the business whereas management accounting focuses on providing financial and non financial information to users inside the business

B. Financial accounting focuses on providing non financial information to users outside the business whereas management accounting focuses on providing financial information to users inside the business

C. Financial accounting focuses on providing non financial information to users inside the business whereas management accounting focuses on providing nonfinancial information to users inside and outside of the business

D. Financial accounting focuses on providing financial and non financial information to users inside the business whereas management accounting focuses on providing financial information to users outside the business

Answer 1

the correct answer is:-

A. Financial accounting focuses on providing financial information to users inside and outside the business whereas management accounting focuses on providing financial and non-financial information to users inside the business