Managerial accounting reports can be described as

a. special-purpose

b. classifidd financia statements

c. general-purpose

d. macro-reports.

While the preparation of financial statements for external users is guided by GAAP, the guideline for the preparation of managerial reports for internal users is

a. relevance to decision

b. special-purpose

c. timeliness

d. aggregation

A manufacturing company reports cost of goods manufactured as a(n)

a. componet of the raw materials inventory on the balance sheet

b. componet in the calculation of cost of goods sold on the income statement

c. administrative expense on the income statement

d. current asset on the balance sheet