Managerial accounting stresses accounting concepts and procedures that are relevant to preparing reports for
A)investors and banks.
B)internal users of accounting information.
C)shareholders and creditors.
D)the Securities and Exchange Commission (SEC).

Question

Quizplus · Accepted Answer

Managerial accounting focuses on providing information to internal users, such as managers and employees, to aid in decision-making, planning, and controlling operations. It does not directly address the needs of investors, banks, shareholders, creditors, or regulatory bodies.

Managerial Accounting Stresses Accounting Concepts and Procedures That Are Relevant