The Principal Difference Between Managerial Accounting and Financial Accounting Is

The principal difference between managerial accounting and financial accounting is that managerial accounting information is:

A) Prepared by managers.
B) Intended primarily for use by decision makers inside the business organization.
C) Prepared in accordance with a set of accounting principles developed by the Institute of Certified Managerial Accountants.
D) Oriented toward measuring solvency rather than profitability.

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