Question

The major reporting standard for presenting managerial accounting information is relevance. generally accepted accounting principles. the cost principle. the current tax law.

Answer 1

The answer is GAAP (General Accepted Accounting Principle) for answering the question above. The managerial accounting is the financial recording process for internal usage. A company uses this information for an evaluation and prediction basis. This process must also comply with the GAAP. Thus, GAAP is the most suitable answer.