The cost management information system is concerned with
A)reporting financial information according to GAAP.
B)providing cost information that is used in planning, control, and decision-making.
C)reporting to external users.
D)providing financial information to investors.

Question

Quizplus · Accepted Answer

The cost management information system is specifically focused on providing cost information that is used in planning, control, and decision-making, rather than reporting financial information according to GAAP or providing financial information to investors. The system may be used to generate reports for internal users, but it is not primarily concerned with reporting to external users.

The Cost Management Information System Is Concerned with