Jun 13, 2016 · Which of the following is not a characteristic of useful managerial accounting reports? a. historical and estimated data b. GAAP—adhering c. prepared as needed d. accurate
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Statement 2 is false because management accountant reports do not conform with GAAP. Statement 3 is false because accounting, including management accounting, makes reports primarily in financial nature or in other quantitative methods of measurement to emphasize objectivity in reporting. Hence, Choice-letter “a” is the correct answer.
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Generates reports primarily for internal users. … Which of the following is not part of the planning and control process? Preparing financial statements. Which of the following is not a characteristic of managerial accounting? It is required by GAAP.
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Feb 21, 2014 · Whichof the following is not a characteristic of useful managerial accounting reports? a. reports prepared as needed b. Accuracy c. historical and estimated data d.