Upon which of the following does managerial accounting place considerable weight?
A) Generally accepted accounting principles.
B) The financial history of the entity.
C) Ensuring that all transactions are properly recorded.
D) Detailed segment reports about departments, products, and customers.

Question

Quizplus · Accepted Answer

Managerial accounting places considerable weight on detailed segment reports about departments, products, and customers to aid in decision-making related to strategies, budgets, and performance evaluations. While generally accepted accounting principles and ensuring proper recording of transactions are important, they are primarily associated with financial accounting rather than managerial accounting. The financial history of the entity may be a consideration in managerial accounting decisions, but it is not as significant as segment reporting.

Upon Which of the Following Does Managerial Accounting Place Considerable