Managerial accounting develops reports that help internal parties effectively and efficiently run the company.

Name: Managerial accounting develops reports that help internal parties effectively and efficiently run the company.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

Managerial accounting is focused on providing information and reports for internal parties, such as managers and decision-makers, to effectively run the company. These reports help in making informed decisions regarding budgeting, planning, and forecasting.

Managerial Accounting Develops Reports That Help Internal Parties Effectively and Efficiently