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Is Management Accounting Information Reliable?

Please address the following question. May use references as needed. Thanks.

Organizations must follow GAAP or IFRS with respect to financial accounting in order to provide accurate, transparent and consistent financial information. Managerial accounting has no such standards. Therefore, is managerial accounting information unreliable and not to be trusted?

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Please address the following question. May use references as needed. Thanks.

Organizations must follow GAAP or IFRS with respect to financial accounting in order to provide accurate, transparent and consistent financial information. Managerial accounting has no such standards. Therefore, is managerial ...

Solution Summary

This solution explains if managerial accounting information is reliable, as it does not follow GAAP or another accepted reporting framework.

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