Management accounting is considered most likely to be successful when it ________.
A) helps creditors evaluate the company's performance
B) helps investors improve their decisions
C) is timely
D) is relevant and reported annually

Question

Quizplus · Accepted Answer

Timeliness is crucial for management accounting since it provides real-time data for decision-making purposes. Options A and B relate more to financial accounting, and option D mentions a reporting frequency that may not be frequent enough to support timely decision-making.

Management Accounting Is Considered Most Likely to Be Successful When