Managerial accounting:
A) is unregulated.
B) produces information that is useful only for manufacturing organizations.
C) is based exclusively on historical data.
D) is regulated by the Securities and Exchange Commission (SEC).
E) generally focuses on reporting information about the enterprise in its entirety rather than by subunits.

Question

Quizplus · Accepted Answer

Managerial accounting is unregulated because it is intended for internal use by management to aid in decision-making, unlike financial accounting which is regulated and intended for external stakeholders.

Managerial Accounting