Which of the following is a characteristic of management accounting?
A)It provides objective financial information.
B)It must adhere to mandatory rules.
C)It has no mandatory rules.
D)Its main users are outside of the organization.

Question

Quizplus · Accepted Answer

Management accounting has no mandatory rules, in contrast to financial accounting, which must adhere to generally accepted accounting principles (GAAP) and other regulatory requirements. Management accounting provides internal financial information to managers and decision-makers within an organization to help them plan, control, and evaluate business operations.

Which of the Following Is a Characteristic of Management Accounting