The information provided by managerial accounting is of most benefit to a firm's
A) investors.
B) creditors.
C) managers.
D) lenders.
E) bankers.

Question

Quizplus · Accepted Answer

Managerial accounting provides financial information and analyses to help managers make informed decisions to improve the organization's operations and financial performance. Therefore, managerial accounting is of most benefit to the firm's managers. It helps them in making decisions regarding resource allocation, cost control, budgeting, and investment decisions. While investors, creditors, lenders, and bankers also have a stake in the firm's financial performance, they largely rely on financial accounting rather than managerial accounting to evaluate the company's financial health.

The Information Provided by Managerial Accounting Is of Most Benefit