Which Term Describes Managerial Accounting Reports

question 5

Multiple Choice

Which term describes managerial accounting reports?

• A)GAAP reports
• B)Special-purpose
• C)General-purpose
• D)Regulatory reports

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Definitions:

Future

Pertains to the time or period that is to come after the present.

Strategic Plans

Long-term roadmaps designed by organizations to align their resources and actions with mission, vision, and strategic goals.

Organizational Pyramid

A hierarchical structure within an organization that illustrates the arrangement of its management and employees.

Goals And Objectives

Goals and objectives are specific, measurable aims that guide the actions and decisions of individuals or organizations towards achieving desired outcomes.