Managerial accounting reports
A)provide future projections and strategic goals to external users.
B)provide information to users to determine the profitability of individual product lines.
C)use information contained only in reports provided to external users.
D)use historical information, compare actual results to budgeted results, and project the results of certain decisions.

Question

Quizplus · Accepted Answer

Managerial accounting reports utilize historical information, compare actual results to budgeted results, and project the results of certain decisions to assist internal users in making informed decisions. These reports focus on providing information related to the internal management of the organization rather than future projections or profitability of individual product lines for external users.

Managerial Accounting Reports