Information provided by financial reporting systems provides the most useful information to cost managers.

Question

Quizplus · Accepted Answer

Financial reporting systems provide financial information, but cost managers typically rely on operational and cost data to make decisions. While financial data is important, it may not provide the level of detail needed for effective cost management. Cost management systems, such as activity-based costing and cost-volume-profit analysis, are better suited for providing useful information to cost managers.

Information Provided by Financial Reporting Systems Provides the Most Useful