Management Accountants Are Not Required to Follow the Generally Accepted

question 44

True/False

Management accountants are not required to follow the generally accepted accounting principles that are used for external financial reporting when preparing reports for internal users.

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Definitions:

Desegregation

The process of ending the segregation of ethnic or racial groups, particularly in schools and public spaces.

American Legion

A U.S. war veterans' organization formed to support veterans, promote patriotism, and ensure national security.

National Association of Manufacturers

A trade association founded in 1895, representing small and large manufacturers in every industrial sector and in all 50 states in the U.S.

Persecution

The systematic mistreatment of an individual or group by another group due to political, religious, or ethnic differences.