ACC 400 Final Examination Solution

ACC 400 Final Examination Solution

Author: briggs holly

ACC 400 Final Examination Solution


ACC 400 Final Examination Solution

Final Examination Solution

Which of the following is not a characteristic of managerial accounting?

Reports are used primarily by insiders rather than by persons outside of the business entity.

Its purpose is to assist managers in planning and controlling business operations.

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

Information may be tailored to assist in specific managerial decisions.


In comparison with a financial statement prepared in conformity with generally accepted accounting principles, a managerial accounting report is less likely to:

Focus upon the entire organization as the accounting entity.

Focus upon future accounting periods.

Make use of estimated amounts.

Be tailored to the specific needs of an individual decision maker.


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