Answer:
The correct answer is c.There is no overlap between financial and managerial accounting.
Explanation:
Managerial accounting is the division of accounting that, based on technically successful internal reports, delivers information to the administration so that it, through its planning, management, organization and control functions, makes the strategic decisions that the organization requires to achieve their goals. This accounting has only one basis: the usefulness of your information. It is also called managerial accounting or management accounting and, together with financial accounting and cost accounting, forms what is known as the organization's accounting structure
The statements that is false is c.There is no overlap between financial and managerial accounting.
Managerial accounting can be regarded as the branch of accounting that is used to creates statements, reports, and documents.
The reason why there is no overlapping between financial and managerial accounting is that financial accounting focus on giving summary of financial transactions of the business while the managerial focus on creation of documents, reports and so on.
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