Indicate Whether Each of the Following Statements About Accounting Information

Essay

Indicate whether each of the following statements about accounting information is true or false.Financial accounting is primarily intended to satisfy the information needs of internal stakeholders.Managerial accounting information includes financial and nonfinancial information.The accounting information intended to satisfy the needs of a company's employees is managerial accounting information. GAAP requires that companies adhere to financial accounting standards.Managerial accounting information is usually less detailed than financial accounting information.