Managerial accounting information includes all of the following except:
A) Budgets.
B) Performance evaluations, for example budget-to-actual reports.
C) Cost reports.
D) Financial statements prepared in accordance with generally accepted accounting principles.

Question

Quizplus · Accepted Answer

Financial statements prepared in accordance with generally accepted accounting principles are a part of financial accounting, not managerial accounting. Managerial accounting focuses on internal decision-making and providing information to managers within an organization, while financial accounting focuses on external reporting to investors, creditors, and other stakeholders.

Managerial Accounting Information Includes All of the Following Except