Which of the following statements is true of managerial accounting? A) An external audit by an independent CPA is required for manageria accounting information. B) The focus is on the future. C) It is required to follow GAAP. D) Summary reports are prepared primarily for the company as a whole
Which of the following statements is true of managerial accounting? A) An external audit by an independent CPA is required for manageria accounting information. B) The focus is on the future. C) It is required to follow GAAP. D) Summary reports are prepared primarily for the company as a whole
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Which of the following statements is true of managerial accounting?
A)
An external audit by an independent CPA is required for managerial
accounting information.
B) The focus is on the future.
C) It is required to follow GAAP.
D) Summary reports are prepared primarily for the company as a whole.
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