Which of the following is not true?
A)managerial accounting information is prepared for internal users
B)managerial accounting information is not required by various laws
C)there are specific standards of acceptability for managerial accounting
D)the structure of managerial accounting practice is relatively flexible

Question

Quizplus · Accepted Answer

Managerial accounting does not have specific standards of acceptability like financial accounting does. It is designed to meet the internal needs of the organization, making its structure flexible and not bound by strict rules or standards.

Which of the Following Is Not True