Purchase Solution

Accounting information is used by employees and managers

Not what you're looking for?

Ask Custom Question

1) Accounting information is used:

By employees to evaluate By top managers to
their employment contracts assess management
performance

A) Yes Yes
B) No Yes
C) Yes No
D) No No

Please select one of the above stated answers.

Purchase this Solution
Solution Summary

The multiple choice questions about the use of accounting information and financial statements is answered including two short paragraphs of additional information.

Solution Preview

The correct answer is A - Yes to both parts.

Accounting information is simply financial information. If looked at it from this ...

Purchase this Solution
Free BrainMass Quizzes
Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

View More Free Quizzes
Related BrainMass Solutions

  • Managerial and Financial Accounting Paper

    The information provided by the Managerial Accounting is used by the internal users of the accounting data. The main users of the information provided by the Managerial Accounting are the Managers, Executives and Employees of the Organizations.

  • role of the financial accounting and managerial accounting

    The role of the accountants in the part of managerial accounting is more crucial because they need to provide information for use by the managers for decision making, assist manager in controlling and directing activities, measure performance of managers

  • Accounting and GAAP

    Managers use the financial information in accounting to develop and implement strategy by planning for the future (budgeting); making decisions about products, services, prices, and what costs to incur.

  • This post addresses boundary spanning roles.

    Why and how do managers use them? Boundary Spanning can be used in several different ways. One of the most common ways is for management to use boundary spanning is to "put people out there."

  • Financial accounting and users of financial accounting

    Government: The financial statements of different companies are also used by the government to analyze whether the tax paid by them is accurate and is in line with their financial strength.

  • Accounting: Users of managerial and financial accounting

    Managers need financial and non-financial information to develop and implement strategy by planning for the future (budgeting); making decisions about products, services, prices and what costs to incur (decision-making using cost information); and ensuring

  • Claire's Antiques as its new accountant

    , managers, and employees.

  • clear expectations and smooth communication

    The information is forward looking, is intended to be used by managers, and is confidential. This is the information that management requires to plan, monitor, and control different parts of the organization.

  • Financial Accounting

    Managerial accounting provides accounting information to help managers make decisions to manage the business.

View More Related Solutions