100k views
5 votes
Financial accounting provides a historical perspective, whereas management accounting emphasizes: Multiple Choice a current perspective. the future. past transactions.

1 Answer

4 votes

Answer:

The correct answer is letter "A": current perspective.

Step-by-step explanation:

Management Accounting is internally-based accounting that helps managers measure the results of their current and future decisions. This is in contrast to financial accounting which emphasizes more general, higher-level financial results of the company. One common managerial accounting tool is determining the profit margin of each of the company's products.

User Slava Glushenkov
by
8.0k points

No related questions found