Which of the following statements is false? Managerial accounting is concerned with providing information to managers for use within the organization. Managerial accounting emphasizes decisions affecting the future, relevance, timeliness, and segment performance. Managerial accounting is not mandatory and does not need to comply with externally imposed rules. Managerial accounting serves the needs of those outside the organization. Managerial accounting helps managers perform three vital activities: planning, controlling, and decision making. O O O O O

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following statements is false?
Managerial accounting is concerned with providing information to managers for use within the organization.
Managerial accounting emphasizes decisions affecting the future, relevance, timeliness, and segment performance.
Managerial accounting is not mandatory and does not need to comply with externally imposed rules.
Managerial accounting serves the needs of those outside the organization.
Managerial accounting helps managers perform three vital activities: planning, controlling, and decision making.
O O O O O
Transcribed Image Text:Which of the following statements is false? Managerial accounting is concerned with providing information to managers for use within the organization. Managerial accounting emphasizes decisions affecting the future, relevance, timeliness, and segment performance. Managerial accounting is not mandatory and does not need to comply with externally imposed rules. Managerial accounting serves the needs of those outside the organization. Managerial accounting helps managers perform three vital activities: planning, controlling, and decision making. O O O O O
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