What is the primary criterion for the preparation of managerial reports?

Anonymous

∙ 12y ago

Updated: 3/12/2023

meet managers need

Anais Lang ∙

Lvl 10

∙ 2y ago

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What is the primary criterion for the preparation of managerial accounting reports?

meet managers need

Managerial accounting reports can be described as?

general purpose

What are the distinguishing features of managerial accounting?

How would you describe the difference between financial and managerial accounting? First, the primary users of reports in financial accounting is external users: stockholders, creditors, and regulators. The primary users of managerial accounting is internal users: officers and managers. Second, the types and frequency of reports for financial accounting uses financial statements and they are quarterly and annually. Managerial accounting uses internal reports and as frequently as needed. Third, the purpose of reports for financial accounting is general-purpose and managerial accounting is special-purpose for specific decisions. Fourth, content of reports for financial accounting is limited to double-entry accounting and cost data, highly aggregated (condensed), pertains to business as a whole, and generally accepted accounting principles. Managerial accounting is extended beyond double-entry accounting to any relevant data, very detailed, pertains to subunits of the business, and standard is relevance to decisions. Last, financial accounting verification process is audit by CPA and managerial accounting verification process is no independent audits.

Which internal reports organize and categorize data for managerial perusal Internal reports Summary internal reports Exception reports Detailed internal reports?

internal reports

What has the author Laura Grace Hunter written?

Laura Grace Hunter has written: 'Suggestions for improving the language of audit reports' -- subject(s): Auditing, Preparation of Reports, Reports, Preparation of

What has the author A J Smyth written?

A. J. Smyth has written: 'The preparation of soil survey reports' -- subject(s): Soil surveys, Preparation, Reports

What is the preparation of reports for each level of responsibility in the company organization chart called?

What is the preparation of reports for each level of responsibility in the company's organization chart called

What is the preparation of reports for each level of responsibility in the companies organization chart called?

What is the preparation of reports for each level of responsibility in the company's organization chart called

Is business reports a primary source?

but

What are the four traditional techniques of managerial control?

Statistical Control Reports Break Even Analysis PERT CPM

What is the primary purpose of a report in database?

The purpose for the reports is so that it will show you how many reports you have.

Who is the primary audience for quarterly sales reports?

Your manager.

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