The primary objective of managerial accounting is
A) to provide stockholders and potential investors with useful information for decision making.
B) to provide banks and other creditors with information useful in making credit decisions.
C) to provide management with information useful for planning and control of operations.
D) to provide the Internal Revenue Service with information about taxable income.

Question

Quizplus · Accepted Answer

The primary objective of managerial accounting is to provide management with information useful for planning and control of operations, including information on costs, budgets, and performance measures. While financial accounting provides information for external parties (such as stockholders, creditors, and the IRS), managerial accounting is focused on providing information for internal decision making.

The Primary Objective of Managerial Accounting Is