)Define how managerial accounting differs from financial accounting. Be sure to address the diverse users of managerial and of financial accounting and provide examples of how at least five users would utilize accounting information.
Answers
Answer:
HOW TO USE ACCOUNTING INFORMATION:
1) Accounting Information are used by managerial accountants to determine the best business to invest more money into.
2) Accounting Information are used by financial accountant to report the profit or loss in the business of the company.
3) Accounting information are used by managerial accountant to decide which investment that should be added or removed from the portfolio, so that much profit will be achieved.
4) Accounting Information are used by financial accountant to calculate and tabulate it financial statement. Using statistical methods and accounting formulas.
5) Accounting Information are used by managerial accountant, to manage the returns in investment, and decide which investment, that will have the highest budget.
Explanation: