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Which of the following is false? Managerial accounting places more emphasis on relevance and timeliness than on precision. Managerial accounting isn't mandatory and isn't required

Which of the following is false?

Managerial accounting places more emphasis on relevance and timeliness than on precision.
Managerial accounting isn't mandatory and isn't required to follow Generally Accepted Accounting Principles (GAAP).
Managerial accounting places a strong emphasis on the future.
Managerial accounting is mandatory for reporting to shareholders and the Securities and Exchange Commission (SEC).

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