Managerial accounting information tends to report on segments of the business.

Question

Quizplus · Accepted Answer

Managerial accounting is focused on providing information for internal decision-making, and therefore tends to provide information on specific segments of a business such as product lines or departments. This information is crucial for managers to make informed decisions about resource allocation, pricing strategies, and other operational decisions.

Managerial Accounting Information Tends to Report on Segments of the Business