Managerial accounting is primarily focused on:
A) Providing information for internal and external users
B) Providing general purpose financial statements
C) Providing special-purpose information and reports
D) Following generally accepted accounting principles

Question

Quizplus · Accepted Answer

Managerial accounting is focused on providing special-purpose information and reports for internal use by management to make decisions, unlike financial accounting which aims to provide general-purpose financial statements for external users.

Managerial Accounting Is Primarily Focused On