Managerial accounting reports can be described as
A) general-purpose.
B) macro-reports.
C) special-purpose.
D) classified financial statements.

Question

Quizplus · Accepted Answer

Managerial accounting reports are designed for specific internal users, such as managers, and are typically tailored to their information needs. Therefore, they are considered special-purpose reports. General-purpose reports, on the other hand, are intended for external users, such as investors and creditors. Macro-reports and classified financial statements are not accurate descriptions of managerial accounting reports.

Managerial Accounting Reports Can Be Described as