Which of the following statements is not true?
A)A company is unlikely to be successful in the long run without adequate managerial accounting information to support decision making.
B)Managerial accounting is completely optional.
C)Managerial accounting reports are covered by rules comparable to those governing financial accounting.
D)Internal users have access to all the underlying data in managerial accounting reports.

Question

Quizplus · Accepted Answer

Managerial accounting reports are not governed by the same strict rules as financial accounting reports, as they are intended for internal use and can be customized to meet the needs of the organization.

Which of the Following Statements Is Not True