Which of the following best describes managerial accounting?
A) It is intended for external stakeholders.
B) It exclusively provides financial information.
C) Its practices are subject to the GAAP.
D) It presents customized information on request.

Question

Quizplus · Accepted Answer

Managerial accounting is focused on providing customized information to internal stakeholders for the purpose of decision-making. It includes both financial and non-financial data and is not subject to GAAP as it is not intended for external reporting.

Which of the Following Best Describes Managerial Accounting