Managerial accounting is focused on which of the following objectives?
A) Providing information that managers need to make operational decisions
B) Providing historical data to investors and creditors
C) Providing summarized results of operations
D) Providing information to comply with laws and regulations of government bodies

Question

Quizplus · Accepted Answer

Managerial accounting is mainly concerned with providing information for internal decision-making, such as setting prices, managing costs, and evaluating performance. Option B, providing historical data to investors and creditors, falls under financial accounting, which is geared towards external stakeholders. Option C, providing summarized results of operations, is too broad and could refer to various types of accounting. Option D, providing information to comply with laws and regulations, is the domain of compliance or legal accounting.

Managerial Accounting Is Focused on Which of the Following Objectives