Management accounting reports are principally used by managers to:
A) report to shareholders.
B) calculate the amount of taxation owed to the government.
C) control the operations of an entity on a regular basis.
D) reconcile with the financial accounting reports.

Question

Quizplus · Accepted Answer

Management accounting reports are used primarily by managers to monitor, control, and make informed decisions about the daily operations of an entity. These reports provide valuable insights into the financial health of the organization and help managers identify areas for improvement. While some management accounting reports may be used in tax calculations or to reconcile with financial accounting reports, their primary purpose is to aid in managerial decision-making.

Management Accounting Reports Are Principally Used by Managers To