Which of the following is an objective of managerial accounting?
A) to generate a company's financial statements for tax reporting
B) to provide information to business managers to assist them in controlling their business
C) to provide information to shareholders to assist them with their investment decisions
D) to ensure that the reports produced for internal and external business purposes are GAAP compliant

Question

Quizplus · Accepted Answer

The objective of managerial accounting is to provide information to managers to assist them in making informed business decisions and controlling their business. The other options may be outcomes or requirements of managerial accounting but are not its primary objective.

Which of the Following Is an Objective of Managerial Accounting