Which of the following statements best describes managerial accounting?
Which of the following statements best describes managerial accounting?
A. Managerial accounting focuses on outside investors and lenders.
B. Managerial accounting focuses on information for internal decision making.
C. Managerial accounting provides information for the public.
D. Managerial accounting provides information for taxing authorities.
Homework Answers
Answer is Option B - Managerial Accounting focuses on information for internal decision making
Managerial accounting (cost accounting or management accounting) is a branch of accounting that is concerned with the identification, measurement, analysis, and interpretation of accounting information so that it can be used to help managers to make necessary decisions to efficiently manage a company’s operations
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Which of the following statements best describes managerial accounting?
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