When comparing the characteristics of financial and managerial accounting,which of the following is a focus of managerial accounting?

Question

Quizplus · Accepted Answer

Managerial accounting focuses on providing information to internal users like managers and employees to better manage the organization's operations. This includes making future projections for different segments of the company to aid in decision-making. Option B is incorrect because managerial accounting is not concerned with users outside the organization. Option C is incorrect because managerial accounting can use both financial and non-financial measures to evaluate performance. Option D is incorrect because managerial accounting does not have to conform to U.S.GAAP.

When Comparing the Characteristics of Financial and Managerial Accounting,which of the Following