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Ivahew [28]
1 year ago
15

Managerial accounting is governed by generally accepted accounting principles (gaap). a. true b. false

Business
1 answer:
diamong [38]1 year ago
3 0

This is a False Statement.

Generally Accepted Accounting Principles (GAAP) need not be followed by managerial accountants when preparing management reports.

Specifically, management accounting aims to

  • provide Information for internal Organisation managers
  • providing details to governmental regulating bodies
  • Information for shareholders, the accounts payable department, and other parties outside the company
  • information to shareholders, accounts payables, and other parties outside the company, as well as information to management inside the firm.

To Learn more about Management Accounting, Click the links.

brainly.com/question/21597572

brainly.com/question/18414655

#SPJ4

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Which of the following are correct descriptions of large corporations? (You may select more than one answer. Single click the bo
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2 years ago
You are writing a report about new regulations that affect your company. Your primary audience of company executives is very bus
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3 years ago
Can I Plss get some help on this
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Find out more on effects of inflation at brainly.com/question/27889691.

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Just plug in the numbers and calculate.

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