Which of the following is true of management accounting information?
A) It focuses on documenting past business actions of a firm.
B) It is prepared based on SEC rules and FASB accounting principles.
C) It is prepared for shareholders.
D) It co-ordinates product design, production, and marketing decisions.

Question

Quizplus · Accepted Answer

Management accounting information is used to coordinate and inform decisions related to product design, production, and marketing. It is forward-looking and focuses on providing relevant information for internal decision-making rather than solely documenting past actions. It is not prepared based on SEC rules and FASB accounting principles, and is not solely for the use of shareholders.

Which of the Following Is True of Management Accounting Information