Managerial accounting information can be forwarded to the managers of a company quickly since external auditors do not have to review it, and estimates and projections are acceptable.

Question

Quizplus · Accepted Answer

Managerial accounting information is intended for internal use only, so it does not have to meet the same standards as financial accounting information which is subject to external audits. Therefore, estimates and projections can be used, and the information can be disseminated quickly to managers without the need for external review.

Managerial Accounting Information Can Be Forwarded to the Managers of a Company