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:

Internet Users

Individuals who use the internet to access information, communicate, conduct transactions, or engage in other online activities.

Worldwide

Pertaining to or involving the entire world.

Billion

A numerical value equal to 1,000 million (1,000,000,000) in the American short scale, used in counting or measuring.

Bias Report

A document or analysis that identifies and addresses instances of partiality or unfairness, often in media, research, or data.