Managerial accounting activity comprises a set of tools, systems and perspectives that add value to an organization by supporting five major objectives. Which one of these is not a supporting objective?
A) Provide information for decision making and planning.
B) Assist managers in directing and controlling operational activities.
C) Motivate managers and other employees toward the organization's goals.
D) Assess an organization's competitive position and long-term managerial efforts .
E) Focus on activities that occur at the top level of the organization.

Question

Quizplus · Accepted Answer

Managerial accounting is designed to assist all levels of management in planning, controlling, and decision-making processes, not just activities at the top level of the organization. Choices A, B, C, and D are all recognized objectives of managerial accounting, focusing on decision-making, operational control, motivation towards goals, and assessing competitive position and long-term efforts, respectively.

Managerial Accounting Activity Comprises a Set of Tools, Systems and Perspectives