In Order to Be Useful to Managers, Managerial Accounting Reports

question 88

Multiple Choice

In order to be useful to managers, managerial accounting reports should possess all of the following characteristics except

• A) provide objective measures of past operations and subjective estimates about future decisions
• B) be prepared in accordance with generally accepted accounting principles
• C) be provided at any time management needs information
• D) be prepared to report information for any unit of the business to support decision making

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Definitions:

Salaries

Periodic payments from an employer to an employee, usually expressed in annual terms, in compensation for performing their job duties.

Networks

A set of nodes (like individuals or organizations) connected by relationships or interactions.

Skills

Abilities and expertise developed through training or experience that enhance an individual’s capability to perform tasks.

Gender Discrimination

Unjust treatment or considerations based on an individual's gender, often resulting in disadvantage or prejudice.