The Difference Between Management Accounting and Financial Accounting Is

Multiple Choice

The difference between management accounting and financial accounting is:

A) management accounting focuses on external users whereas financial accounting focuses on internal users.
B) management accounting focuses only on the control function whereas financial accounting focuses on the reporting function.
C) management accounting focuses on internal users whereas financial accounting focuses on external users.
D) management accounting focuses on the reporting function whereas financial accounting focuses on the control function.