Generally Accepted Accounting Principles
The accounting department of Burke Manufacturing prepares numerous reports at the request of,and for exclusive use by,the management of the company.Is it necessary that these managerial accounting reports be developed in accordance with generally accepted accounting principles (GAAP)?

Question

Quizplus · Accepted Answer

The Answer of Generally Accepted Accounting Principles
The accounting department of Burke Manufacturing prepares numerous reports at the request of,and for exclusive use by,the management of the company.Is it necessary that these managerial accounting reports be developed in accordance with generally accepted accounting principles (GAAP)?