Question

TB MC Qu. 01-78 Flexibility of practice when applied to... Flexibility of practice when applied to managerial accounting means that Multiple Choice C) The information must be presented in electronic format so that it is easily changed 0 0 Managers must be willing to accept the information as the accountants present it to them, rather than in the format they ask for 0 Managerial accountants must be on all twenty-four hours a day 0 Mang o ng differ across companies depending other of the business and the arrangement of taler C Managers must be exible with formation provided in varying forms and wing incom e

Answer 1

The correct answer is:-

d) Managerial accounting systems differ across companies depending on the nature of the business….

The flexibility of practice means that the design of every managerial accounting system differs from firm to firm and no two systems are identical.