ExitVceDumpC_TFIN22_67SAP Certified Application Associate - Management Accounting with SAP ERP 6.0 EhP7
Question 6 of 35
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Q6Single choice
Which of the following statements is true in reference to Financial & Management Accounting?
A
Financial accounting is for internal management whereas Management accounting is for external management like stockholders, financial institutions, government & tax authorities.
B
Management accounting is made on the line of standard & legal requirement whereas financial accounting is made as per the internal requirement of the organization.
C
Financial accounting is standard as per legal requirement whereas management accounting is flexible & as per the requirement of the management.
D
Financial accounting reflects the revenue, cost involved in different area whereas management accounting reflects the profitability of the business.