Which of the following statements is true of managerialaccounting? a.Managerial accounting is the provision of...
Which of the following statements is true of managerial accounting?
a.Managerial accounting is the provision of accounting information for a company's external users.
b.Managerial accounting attempts to provide information for controlling the organization's actions.
c.Managerial accounting provides historical information.
d.Managerial accounting is subject to rules for external financial reporting.
Homework Answers
Correct Option b.Managerial accounting attempts to provide information for controlling the organization's actions.
Why other Option are incorrct:
Option A : Its for internal users like managers.
Option C: It provide futuristic information for decision making and not historic information.
Option D : There are no rules and regulations applied for managerial accounting
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