Managerial accounting
A) is primarily for external users.
B) has no mandatory rules.
C) provides information based on historical information.
D) must adhere to GAAP.

Question

Quizplus · Accepted Answer

Managerial accounting is designed to meet the specific needs of a company's management and does not have to follow any mandatory rules like GAAP (Generally Accepted Accounting Principles), which are required for financial accounting.

Managerial Accounting