Management accounting information and reports do not have to follow set principles or rules such as GAAP.

Name: Management accounting information and reports do not have to follow set principles or rules such as GAAP.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Management accounting information and reports are not bound by GAAP or any other set principles or rules, as their purpose is to provide internal decision-making support to management rather than comply with external reporting requirements.

Management Accounting Information and Reports Do Not Have to Follow