Manegerial accounting - Study guides, Class notes & Summaries
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D196 WGU PRINCIPLES OF FINANCIAL AND MANEGERIAL ACCOUNTING EXAM STUDY GUIDE 2024|BRAND NEW VERIFIED EXAM QUESTIONS AND CORRECT ANSWERS ALL GRADED A+|GUARANTEED SUCCESS|LATEST UPDATE 2024-2025
- Exam (elaborations) • 27 pages • 2024
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D196 WGU PRINCIPLES OF FINANCIAL AND MANEGERIAL ACCOUNTING EXAM STUDY GUIDE 2024|BRAND NEW VERIFIED EXAM QUESTIONS AND CORRECT ANSWERS ALL GRADED A+|GUARANTEED SUCCESS|LATEST UPDATE 
 
 
bookkeeping - ANSWER-day to day keeping of transcations 
 
 steps of decision making - ANSWER-identify issue 
gather information 
identify alternatives 
select option that most likely results in desired objective 
 
 accounting - ANSWER-analysis of events 
record and report financial effects of business activit...
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Managerial Accounting 12th edition 2024/25 UPDATE BY GARRISSON
- Exam (elaborations) • 1517 pages • 2024
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1. Although financial and managerial accounting differ in many ways, 
they are similar inthat both rely on the same underlying financial 
data. 
Answer: True Level: Medium LO: 1 
2. Managerial accounting is a branch of financial accounting and 
serves essentially thesame purposes as financial accounting. 
Answer: False Level: Medium LO: 1 
3. Managerial accounting places greater emphasis on the 
future than financialaccounting, which is primarily 
concerned with the past. 
Answer: True Level: E...
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