Managerial accounting
A)is primarily directed at external users of accounting information.
B)is required by taxing authorities such as the IRS.
C)must follow GAAP.
D)focuses on future performance.

Question

Quizplus · Accepted Answer

Managerial accounting is used by internal users, such as managers and employees, to make decisions based on future performance. It is not required to follow GAAP or directed at external users. While it may be useful for tax purposes, that is not its primary focus.

Managerial Accounting