The information provided by managerial accountants is not distributed to the general public because to do so
A)could provide competitors with vital information about corporate strategies and capabilities.
B)would be against the Institute of Management Accountants' code of conduct.
C)would be against generally accepted accounting principles.
D)would violate federal trade laws.

Question

Quizplus · Accepted Answer

The information provided by managerial accountants, such as financial performance and corporate strategies, is often sensitive and confidential. If this information were made public, it could give competitors an advantage by providing them with insights into the company's strategies and capabilities. This is why the information is typically only shared within the company and with trusted stakeholders, such as investors and lenders who have signed non-disclosure agreements.

The Information Provided by Managerial Accountants Is Not Distributed to the General