Which of the following statements is true of management accounting?
A)The primary users of management accounting are the external stakeholders of a company.
B)Management accounting information is used to help managers plan and control their operations.
C)Management accounting information requires an external audit by an independent CPA.
D)Management accounting information must comply with Generally Accepted Accounting Principles.

Question

Quizplus · Accepted Answer

Management accounting information is used by managers to plan, control, and make decisions regarding their operations. It is not primarily intended for external stakeholders, does not require an external audit by an independent CPA, and does not have to comply with Generally Accepted Accounting Principles (GAAP).

Which of the Following Statements Is True of Management Accounting