Managerial accounting is most concerned with meeting the needs of external users.

Question

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Managerial accounting is primarily concerned with meeting the needs of internal users such as managers, executives, and employees of an organization. The information provided by managerial accounting is used for decision-making and planning within the company. Therefore, it is focused on providing information to those within the organization rather than external stakeholders such as investors or creditors.

Managerial Accounting Is Most Concerned with Meeting the Needs of External