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The only skill required of managerial accountants is that they have a solid knowledge of both financial and managerial accounting.

Respuesta :

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Answer:

False

Explanation:

we could see the following difference between Managerial and Financial accounting

Managerial Accounting

  • Primary User: Internal
  • Purpose of Information: To help managers make decisions
  • Focus: Segments
  • Frequency: As needed
  • Auditing: Not subject to audit
  • Required: No
  • Time Frame Focused:Future

Managerial Accounting

  • Primary User: External
  • Purpose of Information: To help investor and creditor make decisions
  • Focus: Entire organization as a whole
  • Frequency: Quarterly and annually
  • Auditing: Publicly held companies are audited
  • Required: Required by GAAP, SEC, IRS, and others
  • Time Frame Focused: Past (historical transactions)

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