Regarding the differences between financial accounting and management accounting, which of the following statements is false?...

Regarding the differences between financial accounting and management accounting, which of the following statements is false?

Select one:

a. management accounting is less constrained than financial accounting

b. the distinction between the two areas, to some extent, reflects differences in access to financial information

c. there is no overlap between management accounting and financial accounting

d. managers have much more control over the form and content of their reports

Solutions

Expert Solution

There will be overlap between the management accounting and financial accounting in constraints.Despite the overlap in their functions, management accounting and financial accounting differ in number of ways.

therefore there is no overlap between management Accounting and financial accounting is false

Answer : Option C

ekkarill92 answered 1 year ago

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