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The primary objective of cost/management accounting is to provide: a) banks and other creditors with financial...

The primary objective of cost/management accounting is to provide:

a) banks and other creditors with financial information b) stockholders and potential investors with financial information
c) the Internal Revenue Service with information regarding taxable income
d) internal management with information for planning & control purposes
business   accounting   
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Answer #1

d. Internal management with information for planning & control purposes


Explanation:

The primary objective of cost / management accounting is to help the management of a business enterprise in performing its functions ie. planning organizing and controlling the operations efficiently.Management accounting helps in analysing and recording financial data which can be used by a business enterprise  to increase its efficiency and productivity.

Other options are not primary objective of management accounting because, Banks,creditors,stockholders and potential investors are external to the company and they are more interested in financial informations provided by financial accounting ie. Profit and loss account and balance sheet. Also Tax is calculated based on financial accounting results. Management accounting result is primarly used by the internal management for planning and controlling the operations of the company

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