Managerial accountants would most likely prepare all of the following reports except:
A) A performance report identifying amounts of scrap.
B) A control report comparing direct material usage over time.
C) A sales report targeting monthly sales and potential bonuses.
D) An annual report for external regulators such as the SEC.

Question

Quizplus · Accepted Answer

Managerial accountants are responsible for preparing reports for internal purposes, such as performance reports and control reports. However, they do not typically prepare annual reports for external regulators such as the SEC. This would be the responsibility of external auditors or financial accountants.

Managerial Accountants Would Most Likely Prepare All of the Following