SlideShare a Scribd company logo
1 of 1
Download to read offline
In order to be useful to managers, management accounting reports should possess all of the
following cs EXCEPT a, be prepared to report information for any unit of the business to support
decision making. b. be ed at any time management needs information d. provide objective
measures of past operations and subjective estimates about future decisions
Solution
The correct choice is b
Explanation : - Management accounting is not required to adhere to generally accepted
accounting principle because it provides managerial information for internal purposes i.e. it is
used by the members within the organization and not used by members outside the organizations
such as regulators, creditors etc.

More Related Content

More from FashionBoutiquedelhi

Just a general question on some vocab words I cannot piece together .pdf
Just a general question on some vocab words I cannot piece together .pdfJust a general question on some vocab words I cannot piece together .pdf
Just a general question on some vocab words I cannot piece together .pdf
FashionBoutiquedelhi
 
I have to write a java program . So basically I have to take my in.pdf
I have to write a java program . So basically I have to take my in.pdfI have to write a java program . So basically I have to take my in.pdf
I have to write a java program . So basically I have to take my in.pdf
FashionBoutiquedelhi
 
Explain how cellular respiration (O2 consumption and CO2 production).pdf
Explain how cellular respiration (O2 consumption and CO2 production).pdfExplain how cellular respiration (O2 consumption and CO2 production).pdf
Explain how cellular respiration (O2 consumption and CO2 production).pdf
FashionBoutiquedelhi
 
Can you please debug this Thank you in advance! This program is sup.pdf
Can you please debug this Thank you in advance! This program is sup.pdfCan you please debug this Thank you in advance! This program is sup.pdf
Can you please debug this Thank you in advance! This program is sup.pdf
FashionBoutiquedelhi
 
Between January 2005 and May 2007, the CDC had identified 138 cases .pdf
Between January 2005 and May 2007, the CDC had identified 138 cases .pdfBetween January 2005 and May 2007, the CDC had identified 138 cases .pdf
Between January 2005 and May 2007, the CDC had identified 138 cases .pdf
FashionBoutiquedelhi
 
832 AM ut.blackboard.com HW #1-The Federal Reserve and Monetary Po.pdf
832 AM ut.blackboard.com  HW #1-The Federal Reserve and Monetary Po.pdf832 AM ut.blackboard.com  HW #1-The Federal Reserve and Monetary Po.pdf
832 AM ut.blackboard.com HW #1-The Federal Reserve and Monetary Po.pdf
FashionBoutiquedelhi
 
you will use cellular automata to create a 2D predator–prey simulati.pdf
you will use cellular automata to create a 2D predator–prey simulati.pdfyou will use cellular automata to create a 2D predator–prey simulati.pdf
you will use cellular automata to create a 2D predator–prey simulati.pdf
FashionBoutiquedelhi
 

More from FashionBoutiquedelhi (20)

Just a general question on some vocab words I cannot piece together .pdf
Just a general question on some vocab words I cannot piece together .pdfJust a general question on some vocab words I cannot piece together .pdf
Just a general question on some vocab words I cannot piece together .pdf
 
Im also confused on question 9 and 10 On which point(s) would Charle.pdf
Im also confused on question 9 and 10 On which point(s) would Charle.pdfIm also confused on question 9 and 10 On which point(s) would Charle.pdf
Im also confused on question 9 and 10 On which point(s) would Charle.pdf
 
In about six billion years, our suns luminosity (a.k.a. power outpu.pdf
In about six billion years, our suns luminosity (a.k.a. power outpu.pdfIn about six billion years, our suns luminosity (a.k.a. power outpu.pdf
In about six billion years, our suns luminosity (a.k.a. power outpu.pdf
 
I have to write a java program . So basically I have to take my in.pdf
I have to write a java program . So basically I have to take my in.pdfI have to write a java program . So basically I have to take my in.pdf
I have to write a java program . So basically I have to take my in.pdf
 
Fill in the blanks.Intensity of orangebrownred color of reduced .pdf
Fill in the blanks.Intensity of orangebrownred color of reduced .pdfFill in the blanks.Intensity of orangebrownred color of reduced .pdf
Fill in the blanks.Intensity of orangebrownred color of reduced .pdf
 
Explain how cellular respiration (O2 consumption and CO2 production).pdf
Explain how cellular respiration (O2 consumption and CO2 production).pdfExplain how cellular respiration (O2 consumption and CO2 production).pdf
Explain how cellular respiration (O2 consumption and CO2 production).pdf
 
Entrepreneurship isA. one of the basic rights of the private enter.pdf
Entrepreneurship isA. one of the basic rights of the private enter.pdfEntrepreneurship isA. one of the basic rights of the private enter.pdf
Entrepreneurship isA. one of the basic rights of the private enter.pdf
 
Discrete Random Variables we are working with commonly used discre.pdf
Discrete Random Variables we are working with commonly used discre.pdfDiscrete Random Variables we are working with commonly used discre.pdf
Discrete Random Variables we are working with commonly used discre.pdf
 
Determine the open intervals over which the function is increasing an.pdf
Determine the open intervals over which the function is increasing an.pdfDetermine the open intervals over which the function is increasing an.pdf
Determine the open intervals over which the function is increasing an.pdf
 
Discuss and define Isotropy. Anisotropy and Orthotropy with regards t.pdf
Discuss and define Isotropy. Anisotropy and Orthotropy with regards t.pdfDiscuss and define Isotropy. Anisotropy and Orthotropy with regards t.pdf
Discuss and define Isotropy. Anisotropy and Orthotropy with regards t.pdf
 
Consider the circuits in figure 2.32. If we assume the transistors ar.pdf
Consider the circuits in figure 2.32. If we assume the transistors ar.pdfConsider the circuits in figure 2.32. If we assume the transistors ar.pdf
Consider the circuits in figure 2.32. If we assume the transistors ar.pdf
 
Can you please debug this Thank you in advance! This program is sup.pdf
Can you please debug this Thank you in advance! This program is sup.pdfCan you please debug this Thank you in advance! This program is sup.pdf
Can you please debug this Thank you in advance! This program is sup.pdf
 
Circulating blood cells that differentiate into macrophages in the ti.pdf
Circulating blood cells that differentiate into macrophages in the ti.pdfCirculating blood cells that differentiate into macrophages in the ti.pdf
Circulating blood cells that differentiate into macrophages in the ti.pdf
 
Between January 2005 and May 2007, the CDC had identified 138 cases .pdf
Between January 2005 and May 2007, the CDC had identified 138 cases .pdfBetween January 2005 and May 2007, the CDC had identified 138 cases .pdf
Between January 2005 and May 2007, the CDC had identified 138 cases .pdf
 
A satellite is 112 miles above the earth, and the angle A to the hor.pdf
A satellite is 112 miles above the earth, and the angle A to the hor.pdfA satellite is 112 miles above the earth, and the angle A to the hor.pdf
A satellite is 112 miles above the earth, and the angle A to the hor.pdf
 
A car antenna is 1.5 m long. The car is moving at (40 mph) under a D.pdf
A car antenna is 1.5 m long. The car is moving at (40 mph) under a D.pdfA car antenna is 1.5 m long. The car is moving at (40 mph) under a D.pdf
A car antenna is 1.5 m long. The car is moving at (40 mph) under a D.pdf
 
832 AM ut.blackboard.com HW #1-The Federal Reserve and Monetary Po.pdf
832 AM ut.blackboard.com  HW #1-The Federal Reserve and Monetary Po.pdf832 AM ut.blackboard.com  HW #1-The Federal Reserve and Monetary Po.pdf
832 AM ut.blackboard.com HW #1-The Federal Reserve and Monetary Po.pdf
 
you will use cellular automata to create a 2D predator–prey simulati.pdf
you will use cellular automata to create a 2D predator–prey simulati.pdfyou will use cellular automata to create a 2D predator–prey simulati.pdf
you will use cellular automata to create a 2D predator–prey simulati.pdf
 
Why should you use properties within the methods of a class in C# ev.pdf
Why should you use properties within the methods of a class in C# ev.pdfWhy should you use properties within the methods of a class in C# ev.pdf
Why should you use properties within the methods of a class in C# ev.pdf
 
Which one is the answer How do you know thatOccupancy type is a .pdf
Which one is the answer How do you know thatOccupancy type is a .pdfWhich one is the answer How do you know thatOccupancy type is a .pdf
Which one is the answer How do you know thatOccupancy type is a .pdf
 

Recently uploaded

SPLICE Working Group: Reusable Code Examples
SPLICE Working Group:Reusable Code ExamplesSPLICE Working Group:Reusable Code Examples
SPLICE Working Group: Reusable Code Examples
Peter Brusilovsky
 
SURVEY I created for uni project research
SURVEY I created for uni project researchSURVEY I created for uni project research
SURVEY I created for uni project research
CaitlinCummins3
 
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
EADTU
 

Recently uploaded (20)

PSYPACT- Practicing Over State Lines May 2024.pptx
PSYPACT- Practicing Over State Lines May 2024.pptxPSYPACT- Practicing Over State Lines May 2024.pptx
PSYPACT- Practicing Over State Lines May 2024.pptx
 
DEMONSTRATION LESSON IN ENGLISH 4 MATATAG CURRICULUM
DEMONSTRATION LESSON IN ENGLISH 4 MATATAG CURRICULUMDEMONSTRATION LESSON IN ENGLISH 4 MATATAG CURRICULUM
DEMONSTRATION LESSON IN ENGLISH 4 MATATAG CURRICULUM
 
How to Send Pro Forma Invoice to Your Customers in Odoo 17
How to Send Pro Forma Invoice to Your Customers in Odoo 17How to Send Pro Forma Invoice to Your Customers in Odoo 17
How to Send Pro Forma Invoice to Your Customers in Odoo 17
 
SPLICE Working Group: Reusable Code Examples
SPLICE Working Group:Reusable Code ExamplesSPLICE Working Group:Reusable Code Examples
SPLICE Working Group: Reusable Code Examples
 
e-Sealing at EADTU by Kamakshi Rajagopal
e-Sealing at EADTU by Kamakshi Rajagopale-Sealing at EADTU by Kamakshi Rajagopal
e-Sealing at EADTU by Kamakshi Rajagopal
 
MOOD STABLIZERS DRUGS.pptx
MOOD     STABLIZERS           DRUGS.pptxMOOD     STABLIZERS           DRUGS.pptx
MOOD STABLIZERS DRUGS.pptx
 
How To Create Editable Tree View in Odoo 17
How To Create Editable Tree View in Odoo 17How To Create Editable Tree View in Odoo 17
How To Create Editable Tree View in Odoo 17
 
AIM of Education-Teachers Training-2024.ppt
AIM of Education-Teachers Training-2024.pptAIM of Education-Teachers Training-2024.ppt
AIM of Education-Teachers Training-2024.ppt
 
24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...
24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...
24 ĐỀ THAM KHẢO KÌ THI TUYỂN SINH VÀO LỚP 10 MÔN TIẾNG ANH SỞ GIÁO DỤC HẢI DƯ...
 
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT TOÁN 2024 - TỪ CÁC TRƯỜNG, TRƯỜNG...
 
diagnosting testing bsc 2nd sem.pptx....
diagnosting testing bsc 2nd sem.pptx....diagnosting testing bsc 2nd sem.pptx....
diagnosting testing bsc 2nd sem.pptx....
 
Andreas Schleicher presents at the launch of What does child empowerment mean...
Andreas Schleicher presents at the launch of What does child empowerment mean...Andreas Schleicher presents at the launch of What does child empowerment mean...
Andreas Schleicher presents at the launch of What does child empowerment mean...
 
Supporting Newcomer Multilingual Learners
Supporting Newcomer  Multilingual LearnersSupporting Newcomer  Multilingual Learners
Supporting Newcomer Multilingual Learners
 
An Overview of the Odoo 17 Knowledge App
An Overview of the Odoo 17 Knowledge AppAn Overview of the Odoo 17 Knowledge App
An Overview of the Odoo 17 Knowledge App
 
SURVEY I created for uni project research
SURVEY I created for uni project researchSURVEY I created for uni project research
SURVEY I created for uni project research
 
OS-operating systems- ch05 (CPU Scheduling) ...
OS-operating systems- ch05 (CPU Scheduling) ...OS-operating systems- ch05 (CPU Scheduling) ...
OS-operating systems- ch05 (CPU Scheduling) ...
 
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
Transparency, Recognition and the role of eSealing - Ildiko Mazar and Koen No...
 
Mattingly "AI and Prompt Design: LLMs with NER"
Mattingly "AI and Prompt Design: LLMs with NER"Mattingly "AI and Prompt Design: LLMs with NER"
Mattingly "AI and Prompt Design: LLMs with NER"
 
Sternal Fractures & Dislocations - EMGuidewire Radiology Reading Room
Sternal Fractures & Dislocations - EMGuidewire Radiology Reading RoomSternal Fractures & Dislocations - EMGuidewire Radiology Reading Room
Sternal Fractures & Dislocations - EMGuidewire Radiology Reading Room
 
Including Mental Health Support in Project Delivery, 14 May.pdf
Including Mental Health Support in Project Delivery, 14 May.pdfIncluding Mental Health Support in Project Delivery, 14 May.pdf
Including Mental Health Support in Project Delivery, 14 May.pdf
 

In order to be useful to managers, management accounting reports shou.pdf

  • 1. In order to be useful to managers, management accounting reports should possess all of the following cs EXCEPT a, be prepared to report information for any unit of the business to support decision making. b. be ed at any time management needs information d. provide objective measures of past operations and subjective estimates about future decisions Solution The correct choice is b Explanation : - Management accounting is not required to adhere to generally accepted accounting principle because it provides managerial information for internal purposes i.e. it is used by the members within the organization and not used by members outside the organizations such as regulators, creditors etc.