Answer:
False.
Step-by-step explanation:
Managerial accounting also known as cost accounting is an accounting technique focused on identification, measurement, analyzing, interpretation, and communication of financial information to managers for better decisions making and pursuit of the organization's goals.
This ultimately implies that, managerial accounting is specific to a particular business organization i.e the managerial accounting model used by a company would be different from the one used by another.
You should use the financial report from credible and reliable sources to plan your investments and financial budget.
However, social media influencer content isn't always truthful and helpful in budgeting and making wise spending decisions because the report might just be a figment of their imagination or fabricated.