Which of the following is a characteristic of managerial accounting?
A) It is used primarily by external users.
B) It often lacks flexibility.
C) It is often future-oriented.
D) The information it provides is extremely precise.

Question

Quizplus · Accepted Answer

Managerial accounting is often future-oriented and used internally by management to make decisions about the company's operations and finances. The information provided by managerial accounting is often less precise than financial accounting, but more flexible and adaptable to changing circumstances. Managerial accounting also focuses on providing relevant information for decision-making rather than meeting specific reporting requirements for external parties.

Which of the Following Is a Characteristic of Managerial Accounting