Which of the following is necessary for management accounting information to be useful?

A) It must report to external users.
B) It must develop a framework of principles and guidelines.
C) It must adapt to accommodate changes in the business environment.
D) It must focus on the enterprise in its entirety.

Management Accounting

The field of accounting focused on providing financial data and analysis to managers within organizations to assist in decision-making.

External Users

Individuals or entities outside of a company who use its financial statements and other information to make decisions, such as investors or creditors.

Business Environment

The combination of external and internal factors that influence a company's operating situation, including economic, legal, and technological aspects.