Since there are few rules to restrict how an organization chooses to arrange its own internal data for decision making, managerial accounting provides ample opportunity for creativity and change. a) trueb) false

Question

Keyon Wolf

Business

3 November, 05:41

Since there are few rules to restrict how an organization chooses to arrange its own internal data for decision making, managerial accounting provides ample opportunity for creativity and change. a) trueb) false

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Paxton Jacobs · Answer 1

True

Explanation:

Managerial account involves the use of accounting information by managers to make informed business decisions. It is more flexible and does not follow strict guidelines like it is in financial accounting. Results are for internal business use.

Manegerial Accounting is user-oriented, meaning methods used depend on the situation and preferences of the manager. So there is room for creativity and change in management accounting.