Which is not a characteristic of managerial accounting information? a

Business Dec 25, 2020

Which is not a characteristic of managerial accounting information?

a. Provides information that is useful to internal decision makers.

b. Provides detailed information about individual parts of the company.

c. Not required to follow GAAP.

d. Focuses on past results.

Expert Solution

The correct answer is option d. Focuses on past results.

Managerial Accounting focuses on forecasts and estimates, not on the past result. Focusing on past results is a characteristic of Financial Accounting, not Managerial Accounting. All other choices are correct as it shows characteristics of what Managerial Accounting is.

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