Answered: Managerial accounting a. is primarily…

Managerial accounting a. is primarily for external users. b. has no mandatory rules. c, provides information based on historical information. d. must adhere to GAAP.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 4DQ: Should a managerial accounting system provide both financial and nonfinancial information? Explain.

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Question

Managerial accounting

a. is primarily for external users.
b. has no mandatory rules.
c, provides information based on historical information.
d. must adhere to GAAP.

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