Managerial accounting is a branch of accounting which:
A)Provides financial information to creditors and stockholders.
B)Summarizes financial information.
C)Assists in predicting future profits.
D)Assists in making business decisions.

Question

Quizplus · Accepted Answer

Managerial accounting provides financial information for internal use by managers to make business decisions, such as analyzing costs and determining pricing strategies. It is distinct from financial accounting, which provides information to external parties such as creditors and stockholders, and from cost accounting, which involves calculating the costs of producing goods or services. While managerial accounting may assist in predicting future profits, its primary focus is on providing information to support decision-making.

Managerial Accounting Is a Branch of Accounting Which