1. Managerial accounting provides all of the following financial information except:
payroll summaries; budgets; production reports; monthly sales records; income statements
2. Accounting involves the _____ of the financial activities for firms. (creation; delegating; empowering; summarizing; planning)
Which of the following statements about the accounting profession is true?
Accountants are typically classified as private or public accountants.
Accountants cannot legally offer management consulting services
Private accountants serve individuals and organizations on a fee basis.
Public accountants work for local, state, and national agencies.
All of the above statement about the accounting profession are true.
