O d. $30 O e $6 Which one of the following statements is not correct regarding financial accounting and management accounting? O a. Financial accounting reports need to be audited to verify their...

١٢

Extracted text: O d. $30 O e $6 Which one of the following statements is not correct regarding financial accounting and management accounting? O a. Financial accounting reports need to be audited to verify their accuracy unlike management accounting reports whic do not need to be audited. O b. Only financial accounting involves the use of accounting information. None of the given answers JIm O d. Financial accounting needs to follow specific set of rules called accounting standards unlike management accountrig e. Management accounting information emphasize supporting decisions that affect the future unlike financial accountin information, which focus on the consequences of past activities of the organization. GE NEXT PAGE