What is an objective of managerial accounting?
A) to comply with international reporting standards
B) to prepare external reports for investors, creditors, government agencies, and other outside users
C) to provide tax information for planning, controlling, evaluating, and continuous improvement
D) to provide information for the costing of services, products, and other objects of interest to management

Question

Quizplus · Accepted Answer

Managerial accounting aims to provide information for the costing of services, products, and other objects of interest to management. Managerial accounting is primarily for internal use, and its objective is to assist managers in decision-making, planning, controlling, evaluating, and continuous improvement. The other options listed are objectives of financial accounting, tax accounting, and regulatory reporting, respectively.

What Is an Objective of Managerial Accounting