China has the second most MNEs

Regulation is the effort by governments to achieve economic or social outcomes by directing the behavior of citizens, groups, and corporations.

a. true b. false

For each of the following, indicate whether the statement relates to managerial accounting (M

A) or financial accounting (FA): Statement Applies to MA or FA How reports will affect employee behavior is a concern. Summary reports are prepared primarily on the company as a whole, usually on a quarterly or annual basis. Relevant information and focus on the future. Primary users include investors, creditors, and government authorities. There is no requirement to follow GAAP.