Respuesta :
The statement is true that one of the usual differences between financial and managerial accounting is the timeliness of the information reported.
Given a statement related to financial accounting and managerial accounting.
We have to tell whether the given statement is true or false.
Financial accounting is the accounting which is record the transactions and present them at the end of the year.
Managerial accounting is the accounting which record the transactions, but unlike financial accounting the records are to be presented weekly, monthly, half yearly or may be annually so that the management take appropriate decisions at the right time.
Hence the statement is true that one of the usual differences between financial and managerial accounting is the timeliness of the information reported.
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