Which of the following statements best describes managerial accounting?
A)Managerial accounting focuses on information for internal decision making.
B)Managerial accounting focuses on outside investors and lenders.
C)Managerial accounting provides information for the public.
D)Managerial accounting provides information for taxing authorities.

Question

Quizplus · Accepted Answer

Managerial accounting is designed to provide information to internal users such as managers and employees to assist in decision-making and operational planning.

Which of the Following Statements Best Describes Managerial Accounting