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Author Question: Decision makers sometimes may need to sacrifice precision for timeliness because (Read 42 times)

M1ch3a

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on: Feb 5, 2023

Question 1

Which of the following statements is not true?
◦ Managerial accounting reports often use historical information.
◦ Managerial accounting does not use estimates in preparing reports.
◦ Managerial accounting reports attempt to project the results of certain decisions.
◦ Managerial accountants use historical amounts in developing future projections.

Question 2

Decision makers sometimes may need to sacrifice precision for timeliness because
◦ receiving highly accurate information after the deadline has passed would be of no help.
◦ the nature of many business decisions requires precision in managerial accounting reports.
◦ receiving highly accurate information after the deadline has passed would enhance decision making for future periods.
◦ the nature of many business decisions focuses on the past rather than the future.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by M1ch3a on Feb 5, 2023

labrinker

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Reply #1 on: Feb 5, 2023
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M1ch3a

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Reply 2 on: Feb 5, 2023
:D TYSM

CAPTAINAMERICA

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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