The Major Reporting Standard for Management Accounting Is

question 74

Multiple Choice

The major reporting standard for management accounting is

• A)the Standards of Ethical Conduct for Practitioners of Management Accounting and Financial Management.
• B)the Sarbanes-Oxley Act of 2002.
• C)relevance to decisions.
• D)generally accepted accounting principles.

---

Definitions:

Treasury Bills

Short-term government securities issued at a discount from par value and mature without interest payments, offering a return upon maturity.

Real Rate of Return

The rate of return on an investment after adjusting for inflation, representing the actual purchasing power of the investment's earnings.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values diverge from the mean.

Correlation

A statistical measure that describes the extent to which two variables change together, indicating a relationship but not causality.