Managerial accounting:
A) focuses only on historical data.
B) is governed by GAAP.
C) focuses primarily on the needs of personnel within the organization.
D) provides information for parties external to the organization.
E) focuses on financial statements and other financial reports.

Question

Quizplus · Accepted Answer

Managerial accounting is primarily concerned with providing information to managers and other internal personnel to aid in decision-making, planning, and controlling operations within the organization.

Managerial Accounting