Accounting starts with economic activities that accountants review and evaluate using critical thinking and judgment to create useful information that helps individuals make good decisions. Indicate whether the statement is true or false ANSWER TRUE
Date: September 2nd, 2020
Which of the following users would rely on managerial accounting information for decision-making purposes? A) potential investors B) creditors C) customers D) company managers ANSWER D
Date: September 2nd, 2020
Accounting is the information system that measures business activities, processes the information into reports, and communicates the results to decision makers. Indicate whether the statement is true or false ANSWER TRUE
Date: September 2nd, 2020
Which of the following is an external user of a business’s financial information? A) customers B) cost accountant C) company manager D) the board of directors ANSWER A
Date: September 2nd, 2020
Accounting is referred to as the language of business because it is the method of communicating business information to decision makers. Indicate whether the statement is true or false ANSWER TRUE
Date: September 2nd, 2020
Managerial accounting focuses on information for external decision makers. Indicate whether the statement is true or false ANSWER FALSE
Date: September 2nd, 2020
