ACCT 2302

Ch 14 Managerial Accounting Concepts and Principles Smartbook 1 1. The main purpose of both financial and managerial accounting is similar in that both aim to provide relevant information to its users. True 2. Managerial accounting has which of the following characteristics? Emphasis on projects, processes, and divisions Monetary and nonmonetary information Internal users 3. Managerial accounting is different from financial accounting in that: managerial accounting is used in planning a...