Which statements is false regarding managerial accounting

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Problem 1: Which of the following statements is false regarding managerial accounting information?

A. It is often used by investors.

B. It is more detailed than financial accounting information.

C. It can include nonfinancial information.

D. It focuses on divisional rather than overall profitability.

Problem 2: Financial accounting standards are known collectively as GAAP. What does that acronym stand for?

A. Generally Accepted Accounting Principles

B. Generally Applied Accounting Procedures

C. Governmentally Approved Accounting Practices

D. Generally Authorized Auditing Principles

Reference no: EM132819151

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