Question

Managerial accounting information a- pertains to the entity as a whole and is highly aggregated. b...

Managerial accounting information

a- pertains to the entity as a whole and is highly aggregated.

b -pertains to subunits of the entity and may be very detailed.

c- is prepared only once a year.

d- is constrained by the requirements of generally accepted accounting principles.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #2

Answer:

  • The correct answer is option b (pertains to subunits of the entity and may be very detailed).

Explanation:

The board or management accounting data is set up with financial data that is utilized for the internal reason, the executives utilize this data for a superior performance, it very well may be adjusted in whenever for better performance, it isn't prepared once in a year , there is no particular standard for preparing administrative bookkeeping or accounting data/information so no for the most part acknowledged accounting policies is followed.

answered by: anonymous
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
. A common set of accounting standards and procedures is called a. financial accounting standards. b....
. A common set of accounting standards and procedures is called a. financial accounting standards. b. generally accepted accounting principles. c. objectives of financial reporting. d. statements of financial accounting concepts.
this system is important and providing the appropriate information to the external community a. managerial accounting...
this system is important and providing the appropriate information to the external community a. managerial accounting B. Finance accounting c. budgetary accounting d. financial accounting
The FASB Accounting Standards Codification represents the single source of authoritative U.S. generally accepted accounting principles....
The FASB Accounting Standards Codification represents the single source of authoritative U.S. generally accepted accounting principles. Required: Determine the specific citation for accounting for the following: An operating segment is a component of a public entity that has all of the following characteristics: a.  It engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same public entity). b.  Its operating results are regularly reviewed by the...
When preparing external financial statements that are in accordance with generally accepted accounting principles, the minimum...
When preparing external financial statements that are in accordance with generally accepted accounting principles, the minimum financial report will include A. Basic financial statements, management's discussion and analysis, and other required supplementary information. B. Only the financial section of a comprehensive annual financial report. C. Basic financial statements only. D. A comprehensive annual financial report.
Which of the following statements is correct? a) The balance sheet for a given year is...
Which of the following statements is correct? a) The balance sheet for a given year is designed to give us an idea of what happened to the firm during the course of the year. b) The balance sheet for a given year tells us how much money the company earned during that year. c) The difference between the total assets reported on the balance sheet and the liabilities reported on this statement tells us the current market value of the...
For a number of years, a private not-for-profit entity has been preparing financial statements that do...
For a number of years, a private not-for-profit entity has been preparing financial statements that do not necessarily follow generally accepted accounting principles. At the end of the most recent year (Year 2), those financial statements show total assets of $1,400,000, total liabilities of $200,000, total unrestricted net assets of $600,000, total temporarily restricted net assets of $400,000, and total permanently restricted net assets of $200,000. In addition, total expenses for the year were $700,000 (shown in unrestricted net assets)....
Which of the following statements best describes activity based costing?: Group of answer choices A. activity...
Which of the following statements best describes activity based costing?: Group of answer choices A. activity based costing focuses on assigning overhead costs B. activity based costing can only be used by very large, international companies C. activity based costing cannot be used in businesses that provide services to its customers D. activity based costing must adhere to generally accepted accounting principles
When designing an accounting information system, the cost to acquire additional information should be incurred ________....
When designing an accounting information system, the cost to acquire additional information should be incurred ________. A) at all times so the operating manager has more information to make decisions B) when information overload does not occur C) at all times because the benefit cannot be quantified D) when the expected benefit of an improved decision exceeds the cost of the information Answer: Which of the following is a major factor causing changes in management accounting today? A) additional value...
Exercise 218 a-b Hal Corp. prepared the following income statement using the cash basis of accounting:...
Exercise 218 a-b Hal Corp. prepared the following income statement using the cash basis of accounting: HAL CORP. Income Statement, Cash Basis For the Year Ended December 31, 2020 Service revenue (does not include $25,000 of services rendered on account       because the collection will not be until 2021) $370,000 Expenses (does not include $15,000 of expenses on account because       payment will not be made until 2021) 220,000 Net income $150,000 Additional data: 1. Depreciation on a company automobile for the...
QUESTION 4 When drawing a cost-volume-profit graph, how are the axes labeled? A. The horizontal axis...
QUESTION 4 When drawing a cost-volume-profit graph, how are the axes labeled? A. The horizontal axis would be labeled with number of units (volume or activity), while the vertical axis would be labeled with dollars (of cost or revenue). B. The horizontal axis would be labeled with dollars (of total fixed costs), while the vertical axis would be labeled with dollars (of total variable costs). C. The horizontal axis would be labeled with dollars (of cost or revenue), while the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT