Which of the following is the primary focus of managerial accounting?
A) providing information that managers need to make operational decisions
B) providing historical data to investors and creditors
C) providing summarized results of operations
D) providing information to comply with laws and regulations of government bodies

Question

Quizplus · Accepted Answer

Managerial accounting primarily focuses on providing information that managers need to make operational decisions. It involves analyzing and interpreting financial information to help managers make informed decisions about resource allocation, budgeting, and performance evaluation. While historical data may be used in managerial accounting, it is not the primary focus. The summarized results of operations may be used to provide information to various stakeholders, but again, this is not the primary focus of managerial accounting. Complying with laws and regulations is important, but it is not the primary focus of managerial accounting.

Which of the Following Is the Primary Focus of Managerial