Which of the following is not an objective of managerial accounting?
A)Providing information for decision making and planning.
B)Assisting in directing and controlling operations.
C)Maximizing proﬁts and minimizing costs.
D)Measuring the performance of managers and subunits.
E)Motivating managers toward the organization's goals.

Question

Quizplus · Accepted Answer

While managerial accounting does involve analyzing and reducing costs, maximizing profits is not necessarily an objective. The main objectives of managerial accounting are to provide information for decision making and planning, assist in directing and controlling operations, measure the performance of managers and subunits, and motivate managers toward the organization's goals.

Which of the Following Is Not an Objective of Managerial