5. Which of the following is not an internal user? a. Corporate officers b. Staff employees c. Stockholders d. Department manager 6. Which term describes management accounting reports? a. GAAP reports b. Special purpose c. General-purpose d. Regulatory reports

5. Which of the following is not an internal user? a. Corporate officers b. Staff employees c. Stockholders d. Department manager 6. Which term describes management accounting reports? a. GAAP reports b. Special purpose c. General-purpose d. Regulatory reports

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

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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Question

5. Which of the following is not an internal user?
a. Corporate officers
b. Staff employees
c. Stockholders
d. Department manager

6. Which term describes management accounting reports?
a. GAAP reports
b. Special purpose
c. General-purpose
d. Regulatory reports

Definition Definition Process by which financial information is analyzed, interpreted, and communicated to managers to support the achievement of an organization's goals. The main objective of managerial accounting is to maximize profits and minimize losses.

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