Management accounting reporting by a public firm is required to follow the rules of GAAP and guidelines of the Securities Exchange Commission.

Name: Management accounting reporting by a public firm is required to follow the rules of GAAP and guidelines of the Securities Exchange Commission.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Management accounting is for internal use and does not need to follow GAAP or SEC guidelines, which apply to financial accounting for external reporting.

Management Accounting Reporting by a Public Firm Is Required to Follow