The primary managerial accounting product is the company's audited financial statements.

Question

Quizplus · Accepted Answer

The primary managerial accounting product is not the audited financial statements. Managerial accounting emphasizes on providing financial information for internal decision making and planning, which includes budget reports, cost analysis, and performance metrics. Audited financial statements are more geared towards external reporting to stakeholders and regulators.

The Primary Managerial Accounting Product Is the Company's Audited Financial