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)Managerial accountants must be on call twenty-four hours a day.
D)Managerial accounting systems differ across companies depending on the nature of the business and the arrangement of its internal operations.
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 that the systems used can vary across companies depending on their unique operations and needs. It does not necessarily refer to the format of presentation or managers' willingness to accept the information. It also does not imply that managerial accountants must be available 24/7 or that inconsistent measures should be used.

Flexibility of Practice When Applied to Managerial Accounting Means That