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Question 320 - IIA-CIA-Part3 discussion

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Which of the following is a distinguishing feature of managerial accounting, which is not applicable to financial accounting?

A.
Managerial accounting uses double-entry accounting and cost data.
Answers
A.
Managerial accounting uses double-entry accounting and cost data.
B.
Managerial accounting uses general accepted accounting principles.
Answers
B.
Managerial accounting uses general accepted accounting principles.
C.
Managerial accounting involves decision making based on quantifiable economic events.
Answers
C.
Managerial accounting involves decision making based on quantifiable economic events.
D.
Managerial accounting involves decision making based on predetermined standards.
Answers
D.
Managerial accounting involves decision making based on predetermined standards.
Suggested answer: D
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asked 18/09/2024
Kaniamuthan K
41 questions
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