Which of the following is not a characteristic of useful managerial accounting reports?
A)accurate
B)GAAP-adhering
C)historical and estimated data
D)prepared as needed

Question

Quizplus · Accepted Answer

Managerial accounting reports are designed for internal use and do not need to adhere to Generally Accepted Accounting Principles (GAAP), unlike financial accounting reports which are intended for external stakeholders and must comply with GAAP.

Which of the Following Is Not a Characteristic of Useful