D196- Principles of Financial and Managerial Accounting Exam Questions and Correct Answers

D196- Principles of Financial and Managerial Accounting Exam Questions and Correct Answers bookkeeping - Correct Answer day to day keeping of transcations steps of decision making - Correct Answer identify issue gather information identify alternatives select option that most likely results in desired objective accounting - Correct Answer analysis of events record and report financial effects of business activities where does capital come from (3) - Correct Answer investors creditors(lenders) business itself (from earnings retained) 2 main types of accounting - Correct Answer financial and managerial managerial accounting - Correct Answer gather and analysis of information for internal use and decision making. financial accounting - Correct Answer gather, report, analysis of information for external users- investors and creditors. summary of a business what does managerial accounting review - Correct Answer product cost, breakeven analysis, budgeting, performance analysis, outsource production what does financial