Which of the following activities is associated with the cost management information system?
A)preparing reports for division managers
B)preparing reports for the IRS
C)preparing reports for the SEC
D)preparing financial statements that conform to GAAP

Question

Quizplus · Accepted Answer

Cost management information system is designed to provide data for managing costs by preparing reports for division managers on costs, revenue, profit and other financial information needed to monitor and control operations. It is not directly associated with preparing reports for the IRS or the SEC or financial statements that conform to GAAP.

Which of the Following Activities Is Associated with the Cost