Management accounting focuses on:
A)external reporting.
B)internal reporting.
C)tax preparation.
D)auditing.

Question

Quizplus · Accepted Answer

Management accounting focuses on providing information and analysis to internal stakeholders, such as managers and decision-makers, to support their planning, controlling, and decision-making activities. It includes the preparation of budgeting, cost analysis, performance measurement, and other reports that aid in managerial decision-making. External reporting, tax preparation, and auditing are all areas of financial accounting that focus on providing information to external stakeholders, such as investors, creditors, and regulatory authorities.

Management Accounting Focuses On