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Managerial accounting reports are used by external users unlike financial accounting. TRUE FALSE

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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Similar questions

What are the key differences between financial accounting and managerial accounting?
What is the purpose of management accounting?
Should a managerial accounting system provide both financial and nonfinancial information? Explain.
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Managerial accounting produces information: to meet the needs of external users that is often focused on the future to meet the needs of investors that follows the rules of GAAP
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Management accounting can be customized to the specific firm for which the information is being prepared. Why is this an important characteristic of management accounting? Why can’t financial accounting also be customized?
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