DeVry ACCT 346Midterm Exam (NEW)
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  • Parts 1
  • Time 6m
Ongoing, First published Sep 08, 2016
DeVry ACCT 346Midterm Exam (NEW)
 

Click on the link below for the solution:
https://devryfinalexams.com/products/acct-346-midterm-new-exam/

1. (TCO 1) Which of the following is NOT a difference between Financial Accounting and Managerial Accounting? (Points : 7)
Financial Accounting is concerned with the past, while Managerial Accounting is concerned with the future.
Managerial Accounting uses more non-monetary information than Financial Accounting.
Managerial Accounting is primarily concerned with providing information to external users, whereas Financial Accounting is concerned with providing information to internal users.
Financial Accounting must follow GAAP, while Managerial Accounting does not need to follow GAAP.
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