All of the following are features of managerial accounting except:
A) information is provided primarily to insiders such as managers.
B) information includes economic and non-financial data as well as financial data.
C) information is characterized by objectivity, reliability, consistency, and accuracy.
D) information is reported continuously with a present or future orientation.

Question

Quizplus · Accepted Answer

While objectivity, reliability, consistency, and accuracy are important qualities for financial statements, managerial accounting is not necessarily required to follow these characteristics, as its primary purpose is to provide information for internal decision making rather than external reporting.

All of the Following Are Features of Managerial Accounting Except