Which one of the following is a characteristic of managerial accounting?
A)Involves only quantitative information.
B)Involves decision makers internal to the company.
C)Prepared based on fixed periods of reporting.
D)Required by GAAP.

Question

Quizplus · Accepted Answer

Managerial accounting information is used by decision makers internal to the company, such as managers and executives. It involves both quantitative and qualitative information, and is not required by GAAP (Generally Accepted Accounting Principles). Reports can be prepared on a flexible schedule rather than fixed periods of reporting.

Which One of the Following Is a Characteristic of Managerial