Answered

Which of the following statements is true regarding managerial accounting information?
OA. Managerial accounting information is prepared annually and quarterly.
B. Managerial accounting information is audited by CPAs.
C. Managerial accounting information must be prepared in conformity with Generally Accepted Accounting Principles (GAAP).
OD. Managerial accounting information emphasizes relevance.



Answer :

GinnyAnswer

Final answer:

Managerial accounting information is prepared for internal management decisions and emphasizes relevance over strict adherence to GAAP.


Explanation:

Managerial accounting information is not audited by CPAs but is prepared for internal use by managers to make decisions. It does not need to adhere to GAAP and instead emphasizes relevance over strict compliance with accounting principles.


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