Multiple Choice
Which of the following statements is not true?
A) Managerial accounting has a strong orientation towards the future.
B) Financial accounting, due to the requirements of regulation, is mandatory for businesses.
C) Financial accounting and managerial accounting are independent of each other.
D) Financial accounting presents a historical perspective of business activities.
Correct Answer:
Verified
Correct Answer:
Verified
Q32: Merchandising and manufacturing firms generate revenue by
Q33: Managers everywhere carry out three major activities:
Q34: The implementation phase includes all of these
Q35: The planning phase includes all of these
Q36: Corporate governance:<br>A)if effective, should enhance stakeholders' confidence
Q38: Merchandising firms largely refer to retail and
Q39: Planning involves selecting a course of action
Q40: Which of the following is NOT included
Q41: Planning includes identifying alternatives and then selecting
Q42: Managerial accounting is regulated by:<br>A)IFRS.<br>B)GAAP.<br>C)ASPE.<br>D)no prescribed standards