Question

Managerial accounting information is limited or restricted by which of the following authorities or principles?
A) Securities and Exchange Commission
B) Financial Accounting Standards Board
C) Generally Accepted Accounting Principles
D) Value Added Principle

Answer 1

Answer: B. Financial Accounting Standards Board

Explanation:

In managerial accounting, it should be noted that managers use available accounting information to inform themselves better before they make managerial decisions in their organization.

Managerial accounting information is limited or restricted by Financial Accounting Standards Board. The primary purpose of the board is to establish and also improve accounting principles in the public's interest.