(Answered) : Ques 5 Multiple Choice Multiple Right Answers 8 Points Please Tick Answers Following Corre Q34746115

Ques. 5. (Multiple Choice, multiple rightanswers)                                             (8 points) Please tick off the answers below:
a) Which of the following is correct? Financial accounting

o Helps managers plan and control businessoperations
o Undergoes an annual independent audit by certified publicaccountants (CPA)
o Is concerned about how reports will affect employeebehavior
o Creates detailed reports on parts of the company (products,customers, departments,…) often on a weekly, or monthly basis

b) Which of the following is correct? Managementaccounting

o Helps investors, creditors, and others to makeinvestment, credit, and other decisions o Has to strictly followaccounting standards (US-GAAP, IFRS, HGB)
o Also focuses on the future
o Creates summary reports