Managerial accounting information includes all of the following except:
A)budgets.
B)performance evaluations,for example budget-to-actual reports.
C)cost reports.
D)financial statements prepared in accordance with generally accepted accounting principles.

Question

Quizplus · Accepted Answer

Financial statements prepared in accordance with generally accepted accounting principles are part of financial accounting, not managerial accounting. Managerial accounting focuses on providing information for internal decision-making and does not necessarily follow GAAP. The other choices (budgets, performance evaluations, and cost reports) are all examples of information that would be included in managerial accounting.

Managerial Accounting Information Includes All of the Following Except