In order to be useful to managers management accounting repo

In order to be useful to managers, management accounting reports should possess all of the following cs EXCEPT a, be prepared to report information for any unit of the business to support decision making. b. be ed at any time management needs information d. provide objective measures of past operations and subjective estimates about future decisions

Solution

The correct choice is b

Explanation : - Management accounting is not required to adhere to generally accepted accounting principle because it provides managerial information for internal purposes i.e. it is used by the members within the organization and not used by members outside the organizations such as regulators, creditors etc.