Which of the following phrases is most descriptive of managerial accounting?
A) Often used to state corporate goals
B) May be subjective
C) Typically prepared quarterly or annually
D) Keeps records of assets and liabilities

Question

Quizplus · Accepted Answer

Managerial accounting often includes estimates and projections, making it more subjective compared to financial accounting, which is more objective and based on historical data.

Which of the Following Phrases Is Most Descriptive of Managerial