Managerial accounting reports historical information often with the purpose of
A)Comparing actual results to budgeted results
B)Helping managers to make decisions that will affect the company's future by projecting the results of certain decisions.
C)Both comparing actual results to budgeted results and helping managers to make decisions that will affect the company's future by projecting the results of certain decisions.
D)Neither comparing actual results to budgeted results nor helping managers to make decisions that will affect the company's future by projecting the results of certain decisions.

Question

Quizplus · Accepted Answer

Managerial accounting reports provide historical information which is used for both comparing actual results to budgeted results as well as helping managers make decisions that will impact the company's future by projecting the results of certain decisions. By providing analysis, forecasting, and budgetary information, managerial accounting reports enable managers to make informed decisions to drive the company's success.

Managerial Accounting Reports Historical Information Often with the Purpose of