Oc. OMR 393,000 Time left 2:01:16 O d. OMR 383,000 O e. OMR 363,000 CLEAR MY CHOICE Which one of the following statements is not correct regarding financial accounting and management accounting? O a....


Oc.<br>OMR 393,000<br>Time left 2:01:16<br>O d. OMR 383,000<br>O e. OMR 363,000<br>CLEAR MY CHOICE<br>Which one of the following statements is not correct regarding financial accounting and management accounting?<br>O a.<br>Both financial accounting and management accounting involve the use of accounting information.<br>O b. Management accounting needs to follow specific set of rules called accounting standards unlike financial<br>accounting<br>O c.<br>Financial accounting reports need to be audited to verify their accuracy unlike management accounting<br>reports which do not need to be audited.<br>O d. Management accounting information emphasize supporting decisions that affect the future unlike<br>financial accounting information, which focus on the consequences of past activities of the organization.<br>O e.<br>None of the given answers<br>NEXT PAGE<br>

Extracted text: Oc. OMR 393,000 Time left 2:01:16 O d. OMR 383,000 O e. OMR 363,000 CLEAR MY CHOICE Which one of the following statements is not correct regarding financial accounting and management accounting? O a. Both financial accounting and management accounting involve the use of accounting information. O b. Management accounting needs to follow specific set of rules called accounting standards unlike financial accounting O c. Financial accounting reports need to be audited to verify their accuracy unlike management accounting reports which do not need to be audited. O d. Management accounting information emphasize supporting decisions that affect the future unlike financial accounting information, which focus on the consequences of past activities of the organization. O e. None of the given answers NEXT PAGE

Jun 11, 2022
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