Financial accounting is the primary source of information needed for decision- making, planning, and controlling an organization's operations. Select one: O True O False
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- Briefly distinguish between management and financialaccounting information in terms of ( a ) the intendedusers of the information and ( b ) the purpose of theinformation.Which of the following is a fundamental characteristic of accounting information? Select one: O A. Predictive Value O B. Completeness OC. Faithful Representation O D. Comparability Tin FinishWhich of the following are the fundamental characteristics of accounting information? O a. Predictive value and feedback value. Ob. Relevance and faithful representation. Oc Relevance and verifiabilily. Od. Timeliness and understandability. O e. Verifiability and taithful representation.
- Differentiate Financial Reporting and Management Reporting. How are they related?Which of the following statements correctly distinguishes between management accounting and financial accounting? O A. Financial accounting is oriented toward the future. O B. Financial accounting is primarily concerned with providing information for internal users. OC. Management accounting is oriented more toward the planning and control aspects of management. OD. Management accounting reports on the whole organization.Why accounting is an infromation system? Explain with your own point of view with example.
- factors that influence the adoption of computarised accounting systems.Management Accounting. Solve thisWhich of the following are considered secondary characteristics of accounting information? a. varifiability and feedback value b. predictive value and timeliness c. comparability and consistency d. representational faithfulness and neutrality
- What are the benefits of Accounting System Analysis?Which of the following are considered secondary characteristics of accounting information? a. verifiability and feedback value b. predictive value and timeliness c. comparability and consistency d. representational faithfulness and neutralityDefine strategy in accounting?