ACCOUNTING UFC1
Western Governors University
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Exam (elaborations)
WGU UFC1 Exam Study Guide
Managerial Accounting - provides financial and nonfinancial information to managers 
and other internal decision makers 
Purpose of managerial accounting - provide useful information to decision makers 
Differences between financial accounting and managerial accounting - 1. managerial 
accounting also reports non-financial information. 
2. financial accounting information is generally used by external users, whereas 
managerial accounting information is used by internal decision makers. 
3. mana...
Exam (elaborations)
WGU UFC1 Exam Study Guide
PopularManagerial Accounting - provides financial and nonfinancial information to managers 
and other internal decision makers 
Purpose of managerial accounting - provide useful information to decision makers 
Differences between financial accounting and managerial accounting - 1. managerial 
accounting also reports non-financial information. 
2. financial accounting information is generally used by external users, whereas 
managerial accounting information is used by internal decision makers. 
3. mana...
Exam (elaborations)
C718 Practice Test- Western Governors University
C718 Practice Test Total points 64/80 
Please note: These questions are intended for practice purposes only. 
The respondent's email address () was recorded on submission of this form. 
Veronica 
perez 
1/1 
limited wants cannot be satised by the unlimited 
resources. 
a person looking for work is not able to nd work. 
the number of people without jobs rises when economic 
times are bad. 
unlimited wants cannot be satised by the limited 
resources. 
1/1 
the $10 he could have earned at his job....