Management accounting reports are prepared
A)to meet the needs of decision makers within the firm.
B)whenever shareholders request them.
C)according to guidelines prepared by the shares and Financial Services Authority.
D)according to financial accounting standards.

Question

Quizplus · Accepted Answer

Management accounting reports are specifically designed to meet the needs of decision makers within the firm such as managers and executives. They are not prepared solely upon shareholders' request, according to guidelines by the shares and Financial Services Authority, or according to financial accounting standards.

Management Accounting Reports Are Prepared