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All of the following are characteristics of managerial accounting, except:

A. Reports are used primarily by insiders rather than by persons outside of the business entity. B) Its purpose is to assist managers in planning and controlling business operations. C) Information must be developed in conformity with generally accepted accounting principles or with income tax regulations. D) Information may be tailored to assist in specific managerial decisions. ts

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Question added by Vinod Jetley , Assistant General Manager , State Bank of India
Date Posted: 2014/10/22
Ahmed Abdi Mahad
by Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University

choice C, is the correct answer for your question. Thanks

Nasir Hussain
by Nasir Hussain , Sales And Marketing Manager , Pakistan Pharmaceutical Products Pvt. Ltd.

D

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

C) Information must be developed in conformity with generally accepted accounting principles or with income tax regulations.

Mukesh G S
by Mukesh G S , Manager Finance And Accounts , GSCO Technology Sevices

Except (D). Used for various decision making and performance management

Ahmed Fawzi
by Ahmed Fawzi , Finance Manager , Alba General Trading Co. (Ferrero products)

Of course (c) Because it's a characteristic of financial accounting

Gary Adriaan
by Gary Adriaan , General Manager , Al Kheyal Decor WL:L

Management decisions are based upon the quality, time & cost aspects of any situation, and not the Accounting therof, which follows its own guide lines to determine the profitability of the said operation

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