SAP Certified Application Associate - Management Accounting with SAP ERP 6.0 EhP7 C_TFIN22_67 Question # 50 Topic 6 Discussion
C_TFIN22_67 Exam Topic 6 Question 50 Discussion:
Question #: 50
Topic #: 6
Which of the following statement is true in reference to Financial & Management Accounting?
Please choose the correct answer.
Response:
A.
Financial accounting is for internal management whereas Management accounting is for external management like stockholders, financial institutions, government& tax authorities.
B.
Management accounting is made on the line of standard & legal requirement whereas financial accounting is made as per the internal requirement of the organization.
C.
Financial accounting is standard as per legal requirement whereas management accounting is flexible& as per the requirement of the management.
D.
Financial accounting reflects the revenue, cost involved in different area whereas management accounting reflects the profitability of the business.
Chosen Answer:
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