How often should managerial accounting reports be prepared?
A)Annually
B)Quarterly
C)Monthly
D)As often as necessary

Question

Quizplus · Accepted Answer

Managerial accounting reports should be prepared as often as necessary. The frequency of preparation will vary depending on the needs of the managers who will be using the reports. Some managers may need reports monthly, while others may only need them quarterly or annually. It is important to tailor the frequency of the reports to the specific needs of each manager.

How Often Should Managerial Accounting Reports Be Prepared