What is the primary goal of management accounting?
A)provide information that can be quantified in monetary terms.
B)provide information that improves the quality of managers' decisions.
C)provide information that conforms to the accounting regulations.
D)provide information to shareholders.

Question

Quizplus · Accepted Answer

The primary goal of management accounting is to provide information that improves the quality of managers' decision-making. This may include information on costs, revenue, budgets, and performance. Management accountants play a crucial role in providing timely and accurate information to help managers make informed decisions that can improve the financial performance of their organization. While providing information that can be quantified in monetary terms is important, it is not the primary goal of management accounting. Providing information that conforms to accounting regulations and to shareholders is the goal of financial accounting.

What Is the Primary Goal of Management Accounting