USCPA每日一练之FAR【2015-10-27】

高顿网校2015-10-27 10:02Lynn.yu
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　　Which of the following is true regarding the comparison of managerial to financial accounting?

　　A. Managerial accounting has a past focus and financial accounting has a future focus.

　　B. Managerial accounting is generally more precise.

　　C. Managerial accounting need not follow generally accepted accounting principles (GAAP) while financial accounting must follow them.

　　D. The emphasis on managerial accounting is relevance and the emphasis on financial accounting is timeliness.

　　Answer:C

　　C is corrent because managerial accounting does not have to follow GAAP.

　　A is incorrect because financial accounting has a past focus.

　　B is incorrect because both managerial and financial accounting should be precise.

　　D is incorrect because the emphasis on managerial accounting is timeliness.

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