Asked by Anslee Holland on May 28, 2024
Verified
Managerial accounting is regulated by:
A) IFRS.
B) GAAP.
C) ASPE.
D) no prescribed standards are followed.
Managerial Accounting
The practice of analyzing, interpreting, and communicating financial information for internal use by management for decision making.
- Learn the foundational concepts of managerial accounting.
Verified Answer
ZK
Zybrea KnightJun 03, 2024
Final Answer :
D
Explanation :
Managerial accounting is not regulated by any prescribed standards like IFRS, GAAP, or ASPE. It is more flexible and tailored to the internal needs of a business, focusing on providing information for internal decision-making.
Learning Objectives
- Learn the foundational concepts of managerial accounting.
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