All of the following correctly describe accounting information used for managerial purposes except:
A)Most managerial decisions require more detailed data than external financial reports provide.
B)Managers must use the same accounting data for their decision making,planning,and other managerial activities as they present in tax returns and financial statements.
C)"One size fits all" does not apply to accounting information used for managerial accounting purposes.
D)Many companies develop managerial accounting information systems independent of financial accounting information systems.

Question

Quizplus · Accepted Answer

Managers do not necessarily have to use the same accounting data for their decision making, planning, and managerial activities as they present in tax returns and financial statements. They may use additional data and analysis that are not required for external reporting purposes.

All of the Following Correctly Describe Accounting Information Used for Managerial