Flexibility of practice when applied to managerial accounting means that:
A) The information must be presented in electronic format so that it is easily changed.
B) Managers must be willing to accept the information as the accountants present it to them, rather than in the format they ask for.
C) The managerial accountants need to be on call 24 hours a day.
D) The design of a company's managerial accounting system largely depends on the nature of the business and the arrangement of the internal operations of the company.
E) Managers must be flexible with information provided in varying forms and using inconsistent measures.

Question

Quizplus · Accepted Answer

Flexibility of practice in managerial accounting means designing the system according to the nature of the business and internal operations. This allows for tailoring the system to fit the specific needs and goals of the company, rather than adhering strictly to a standardized format.

Flexibility of Practice When Applied to Managerial Accounting Means That