Management accounting is the process of:
A) preparing and reporting accounting information for external decision makers.
B) preparing and reporting accounting information for an organisation's internal decision makers.
C) enacting generally accepted accounting principles.
D) preparing and reporting accounting information to lenders.

Question

Quizplus · Accepted Answer

Management accounting is focused on providing information and analysis to help internal decision makers (such as managers) make informed decisions related to the organisation's operations and performance. It is not primarily concerned with reporting information to external decision makers such as investors or lenders.

Management Accounting Is the Process Of