Which of the following statements is true about managerial accounting?
Which of the following statements is true about managerial accounting?
It pertains to a business as a whole.
It provides more detailed information than financial accounting does.
It must be prepared using generally accepting accounting principles.
It is primarily for internal users such as stockholders and managers.
Homework Answers
The Correct Answer is Option #4
Managerial accounting is primarily for INTERNAL USERS such as
Stockholder's and managers.
Managerial accounting is done to assist in decision-making process. It involves processes like budgeting etc. No GAAP is required for such accounting.
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