A distinguishing feature of managerial accounting is
A) general-purpose reports
B) very detailed reports
C) quarterly and annual reports
D) external users
Answers
A distinguishing feature of managerial accounting is
A) general-purpose reports
B) very detailed reports
C) quarterly and annual reports
D) external users
The correct answer is :
B) very detailed reports
Explanation :
A distinguishing feature of managerial accounting is 'very detailed reports.'
Managerial accounting refers to the process of identifying, measuring, analyzing, interpreting and communicating information in order to discover the goals of an organization. Managerial accounting is also known as cost accounting. The biggest feature of managerial accounting is its extremely detailed reports, as detailed reports contain a wide variety of information. That is why this report becomes a detailed report, which is the most important feature of managerial accounting.
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