Which of the Following Statements Is True of Managerial Accounting

question 106

Multiple Choice

Which of the following statements is true of managerial accounting?

• A) Reporting under managerial accounting is constrained by rules such as generally accepted accounting principles.
• B) Managerial accounting is required to be reported annually, also may be reported monthly or quarterly.
• C) Managerial accounting provides information to the external stakeholders of the company.
• D) Managerial accounting is primarily concerned with generating information for use by managers.

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Definitions:

Power And Influence

The ability of an individual or group to affect or change the behavior, opinions, or course of events.

Change Management

The process, tools, and techniques used to manage the people side of change to achieve a required business outcome.

Energizing Commitment

Stimulating a strong dedication or allegiance towards a goal, project, or cause.

Describing A Future State

The process of articulating a vision or detailed description of a desired outcome or situation that an organization or individual aspires to achieve in the future.