Equity increases when revenues are earned

How is scrum distinguished from SDLC?

A) Scrum resists changes, whereas SDLC accepts changes. B) Scrum is a dynamic process, whereas SDLC is structured. C) Scrum creates value at the end, whereas SDLC creates it early. D) Scrum is a waterfall model, whereas SDLC supports iterations.

Which of the following is FALSE about managerial accounting versus financial accounting?

A. Managerial reports are prepared annually, whereas financial reports are prepared when required. B. Managerial accounting is primarily utilized by internal users, whereas financial accounting is primarily utilized by external users. C. The primary information characteristic for managerial accounting is relevance, whereas the primary information characteristics for financial accounting are reliability and objectivity. D. No authoritative body requires managerial accounting reports, whereas the SEC requires financial accounting reports for publicly traded companies.