Managerial accounting information:
A) Is used mainly by external users.
B) Involves gathering information about costs for planning and control decisions.
C) Is generally the only accounting information available to managers.
D) Can be used for control purposes but not for planning purposes.
E) Has little to do with controlling costs.

Question

Quizplus · Accepted Answer

Managerial accounting information is used by internal users such as managers to make planning and control decisions. It involves gathering information about costs to make informed decisions about how to allocate resources and control costs.

Managerial Accounting Information