Which of the following is the principle reason for preparing managerial accounting reports?
A) Usefulness to management
B) Cost of preparation
C) Clarity
D) GAAP

Question

Quizplus · Accepted Answer

The primary reason for preparing managerial accounting reports is to provide useful information to management for decision-making and strategic planning. Cost of preparation, clarity, and GAAP compliance are important considerations but they are not the primary reason for preparing these reports.

Which of the Following Is the Principle Reason for Preparing