Which of the following is a focus 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 businesses
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

Managerial accounting focuses on providing information to business managers to assist them in controlling their businesses. It involves analyzing financial and non-financial data to aid in making business decisions, such as budgeting, forecasting, and cost analysis. The other options listed are more related to financial accounting and reporting.

Which of the Following Is a Focus of Managerial Accounting