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.
单选题
The purpose of managerial accounting is to prepare financial statements every year.
【正确答案】
B
【答案解析】文中整个第二段都在介绍managerial accounting的含义，第一段末尾指出管理会计的功能是provide management with the data needed for decision-making and for efficient operation of the firm。
单选题
Financial statements include balance sheet, income statement and cash flow statement.
单选题
Financial statements are used only by the outsiders of a firm.
【正确答案】
B
【答案解析】第一段第二句指出Many businesses publish such financial statements at least annually.说明公司外部人要用到它，但第二段开头又指出Although management people routinely receive the financial repots,...可以推导出公司管理层也会用到它。
单选题
The management of a firm needs to use the results of both financial accounting as well as managerial accounting.
【正确答案】
A
【答案解析】整个第二段Although management people routinely receive the financial repots, they also require...often referred to as managerial accounting.指明了这一点。