Which of the following statements is false? Managerial accounting is concerned with providing information to managers for use within the organization. Managerial accounting emphasizes decisions affecting the future, relevance, timeliness, and segment performance. Managerial accounting is not mandatory and does not need to comply with externally imposed rules. Managerial accounting serves the needs of those outside the organization. Managerial accounting helps managers perform three vital activities: planning, controlling, and decision making. O O O O O
Which of the following statements is false? Managerial accounting is concerned with providing information to managers for use within the organization. Managerial accounting emphasizes decisions affecting the future, relevance, timeliness, and segment performance. Managerial accounting is not mandatory and does not need to comply with externally imposed rules. Managerial accounting serves the needs of those outside the organization. Managerial accounting helps managers perform three vital activities: planning, controlling, and decision making. O O O O O
Chapter1: Accounting As A Tool For Managers
Section: Chapter Questions
Problem 10MC: Which of the following statements is incorrect? The practice of management accounting is fairly...
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