Which of the following statements is FALSE?Select one:A.Managerial accounting information includes both historical and estimated data.B.Accounting is an information system that provides essential data about the economic activities of anentity to various users to aid them in making informed judgments and decisions.C.Managerial accounting reports are prepared according to generally accepted accounting principles.D.Since there are few rules to restrict how an organization chooses to arrange its own internal data fordecision making, managerial accounting provides ample opportunity for creativity and change.

Management Accounting prepared the reports which helps the management in its decision making., On…

elect one: following ents is FALSE? Managerial accounting information includes both historical and estimated data. ccounting is an information system that provides essential data about the economic activit ntity to various users to aid them in making informed judgments and decisions.

elect one: following ents is FALSE? Managerial accounting information includes both historical and estimated data. ccounting is an information system that provides essential data about the economic activit ntity to various users to aid them in making informed judgments and decisions.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Which of the following statements is FALSE?
Select one:
A.
Managerial accounting information includes both historical and estimated data.
B.
Accounting is an information system that provides essential data about the economic activities of an
entity to various users to aid them in making informed judgments and decisions.
C.
Managerial accounting reports are prepared according to generally accepted accounting principles.
D.
Since there are few rules to restrict how an organization chooses to arrange its own internal data for
decision making, managerial accounting provides ample opportunity for creativity and change.

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