Managerial accounting systems do not have the requirement that the cost of acquiring data be less than the value of the data.

Question

Quizplus · Accepted Answer

Managerial accounting systems do indeed consider the cost-benefit principle, which means that the cost of acquiring data should not exceed the value of the data obtained. This principle ensures that the resources spent on gathering and analyzing information are justified by the benefits derived from using that information.

Managerial Accounting Systems Do Not Have the Requirement That the Cost