The primary goal of management accounting is to:
A) provide information that improves the quality of managers' decisions.
B) provide information to shareholders.
C) provide information that can be quantified in monetary terms.
D) provide information that conforms to the accounting regulations.

Question

Quizplus · Accepted Answer

The primary goal of management accounting is to provide information that improves the quality of managers' decisions. This information can be used to make strategic decisions, allocate resources, and measure performance within the organization. While management accounting information can be quantified in monetary terms, this is not its primary goal. It is also not focused on conforming to accounting regulations or providing information to shareholders, although some of the information it generates may be useful to those groups.

The Primary Goal of Management Accounting Is To