Management accounting reports are
A)prepared using the double-entry system of accounting.
B)prepared periodically.
C)based on generally accepted accounting principles.
D)driven by user's needs.

Question

Quizplus · Accepted Answer

Management accounting reports are driven by the needs of the users, such as internal management, and are not necessarily based on generally accepted accounting principles. They may also be prepared at any time interval as needed, rather than strictly periodically. The double-entry system of accounting is a method of recording financial transactions and is not necessarily a requirement for management accounting reports.

Management Accounting Reports Are