Which Statement Best Describes Managerial Accounting Reports

Multiple Choice

Which statement best describes managerial accounting reports?

A) The reports are prepared to meet the needs of decision makers within the firm.
B) The reports are prepared for external shareholders, lenders, and tax authorities.
C) The reports are prepared according to International Financial Reporting Standards (IFRS) .
D) The reports are prepared according to guidelines prepared by the Ontario Securities Commission (OSC) .