The focus of management accounting is on
A)tax preparation.
B)external reporting.
C)internal reporting.
D)auditing.

Question

Quizplus · Accepted Answer

Management accounting focuses on providing information and analysis to internal users in order to support decision-making, planning, and control within an organization. It is not concerned with tax preparation or external reporting to outside parties. While auditing may involve reviewing internal accounting processes, it is not the primary focus of management accounting.

The Focus of Management Accounting Is on