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"Cost accounting information developed for managers to use in making decisions must comply with generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS)."
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"Cost accounting information developed for managers to use in making decisions must comply with generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS)."

A. True
B. False

User Chrk
by
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1 Answer

1 vote

Answer:

False

Step-by-step explanation:

The above statement is false because cost accounting information developed for managers is mostly for reporting to shareholders the cost situation of the firm.

Cheers.

User Thehiatus
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