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

Question

Business

Loser

9 July, 03:15

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

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Answers (1)

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Vance Randolph · Answer 1

B. Managerial accounting information emphasizes relevance.

Explanation:

Managerial Accounting information emphasizes relevance and also takes it root from financial accounting. Managers take use of the relevant financial accounting information to better manage the organization.