Managerial accounting reports are prepared according to generally accepted accounting principles.

Name: Managerial accounting reports are prepared according to generally accepted accounting principles.
Brand: Quizplus
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Quizplus · Accepted Answer

Managerial accounting reports are prepared according to internal needs and requirements of managers and not based on generally accepted accounting principles. They focus on providing relevant, timely, and accurate information to aid in decision making and performance evaluation within an organization.

Managerial Accounting Reports Are Prepared According to Generally Accepted Accounting