Which of the Following Statements Is True of Managerial Accounting

question 128

Multiple Choice

Which of the following statements is true of managerial accounting?

• A)The external stakeholders of a company are the primary users of managerial accounting.
• B)Managerial accounting information is used to help managers plan,direct and control their operations.
• C)An external audit by an independent CPA is required for managerial accounting information.
• D)Managerial accounting information must comply with Generally Accepted Accounting Principles.

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Definitions:

Negative Consequences

Unfavorable outcomes or penalties that result from an action or decision.

Cognitive

Relating to the mental processes involved in acquiring knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Automatic Negative Thoughts

Involuntary and often irrational thoughts that are pessimistic or negative in nature, which can contribute to feelings of anxiety or depression.

Therapeutic

Related to the treatment and healing of disease or disorder, aiming to relieve symptoms and improve well-being.