单项选择题
| One of the most important functions of
the accounting process is to accumulate and report accounting information that
shows an organization’s financial position and the results of its operations.
Many businesses publish such financial statements at least annually. The
subdivision of the accounting process that produces these general-purpose
reports is referred to as financial accounting. Another major function of
accounting is to provide management with the data needed for decision-making and
for efficient operation of the firm. Although management people routinely receive the financial reports, they also require various other information, such as the unit cost of a product, estimates of the profit earned from a specific sales activity, cost comparisons of alternative courses of action and long-range budgets. The process of generating and analyzing such data is often referred to as managerial accounting. |