SAP
C_TFIN22_67 · Question #235
Which of the following statement is true in reference to Financial & Management Accounting? Please choose the correct answer. Response:
The correct answer is C. Financial accounting is standard as per legal requirement whereas management accounting is. See the full explanation below for the reasoning.
Question
Which of the following statement is true in reference to Financial & Management Accounting? Please choose the correct answer. Response:
Options
- AFinancial accounting is for internal management whereas Management accounting is for external
- BManagement accounting is made on the line of standard & legal requirement whereas financial
- CFinancial accounting is standard as per legal requirement whereas management accounting is
- DFinancial accounting reflects the revenue, cost involved in different area whereas management
How the community answered
(50 responses)- A12% (6)
- B4% (2)
- C82% (41)
- D2% (1)
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