Which of the following phrases is primarily relevant to managerial accounting as opposed to financial accounting?
A) Preparing periodic financial statements
B) Calculating earnings per share for shareholders
C) Helping managers make decisions
D) Summarizing information about past events

Question

Quizplus · Accepted Answer

Managerial accounting focuses on providing information to help managers within the organization make informed business decisions. Unlike financial accounting, which aims at providing information to external users through financial statements, managerial accounting is more concerned with internal processes, budgeting, and forecasting to aid decision-making.

Which of the Following Phrases Is Primarily Relevant to Managerial