Managerial accounting's focus is to provide information for internal planning and control.

Name: Managerial accounting's focus is to provide information for internal planning and control.
Brand: Quizplus
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Quizplus · Accepted Answer

This statement is true. Managerial accounting is concerned with providing information to managers within an organization to help them make decisions related to planning, controlling, and optimizing operations. This information is not typically shared with external stakeholders, unlike financial accounting.

Managerial Accounting's Focus Is to Provide Information for Internal Planning