All of the Following Correctly Describe Accounting Information Used for Managerial

question 114

Multiple Choice

All of the following correctly describe accounting information used for managerial purposes except:

• A)Most managerial decisions require more detailed data than external financial reports provide.
• B)Managers must use the same accounting data for their decision making,planning,and other managerial activities as they present in tax returns and financial statements.
• C)"One size fits all" does not apply to accounting information used for managerial accounting purposes.
• D)Many companies develop managerial accounting information systems independent of financial accounting information systems.