The primary purpose of managerial accounting information is to help external users make investing and lending decisions.

Question

Quizplus · Accepted Answer

Managerial accounting information is primarily used to help internal users make decisions related to planning, controlling, and evaluating business operations. It is not intended for external users such as investors or lenders. For these users, financial accounting information is more relevant.

The Primary Purpose of Managerial Accounting Information Is to Help