BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Characteristics of management accounting information include all of the following except
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It is audited by a CPA
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It must be timely
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It is oriented towards the future
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It meaures efficiency and effectiveness
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Explanation:
Detailed explanation-1: -Managerial accounting is characterized by its objectivity, reliability, consistency and historical nature. Managerial accounting reports are less regulated than financial accounting reports.
Detailed explanation-2: -The answer is C. Information must be developed in conformity with generally accepted accounting principles or with income tax regulations.
There is 1 question to complete.