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 analyzed by the chief financial officer before being provided to managers.

Question

Quizplus · Accepted Answer

Relevant information is information that will make a difference in the decision-making process. It includes both quantitative and qualitative information and may come from various sources, such as internal and external data, financial statements, or market trends. It is the responsibility of the manager to identify and use relevant information in their decision-making process. The controller may provide some of this information, but the ultimate decision rests with the manager. The CFO may also be involved in the analysis of this information, but it is not a requirement for it to be provided to managers.

In the Context of Managerial Accounting,relevant Information