Which of the following statements is true about management accounting?
A) Management accounting provides financial reports to external parties that require information to meet their decision needs.
B) Management accounting is largely unregulated.
C) Management accounting attempts to protect the information rights and needs of all users.
D) Management accounting adopts a pro-regulation perspective.

Question

Quizplus · Accepted Answer

Management accounting is largely unregulated, unlike financial accounting which is subject to various regulations and standards set by regulatory bodies like the SEC, FASB, and IASB. Management accountants have more flexibility in designing and using accounting systems and methods that suit their organizations' unique needs and goals.

Which of the Following Statements Is True About Management Accounting