In the context of managerial accounting, relevant information
A)is information that will make a difference in the decision.
B)is information that has been provided by the controller.
C)must be provided in quantitative terms.
D)must be reviewed by the chief financial officer before being provided to managers.

Question

Quizplus · Accepted Answer

Relevant information is information that is significant or material to the decision being made. It is information that will make a difference in the decision. It is not necessarily provided by the controller, and it may be qualitative in nature. The CFO may review the information, but it is not a requirement for information to be considered relevant. Therefore, option A is the correct answer.

In the Context of Managerial Accounting, Relevant Information