Managers use management accounting information to ________.
A) help external users such as investors, banks, regulators, and suppliers
B) communicate, develop, and implement strategies
C) communicate a firm's financial position to investors, banks, regulators, and other outside parties
D) ensure that financial statements are consistent with the SEC rules

Question

Quizplus · Accepted Answer

Management accounting information is used by managers to make decisions, develop strategies, and implement plans. It is primarily used for internal purposes and helps managers analyze costs, evaluate performance, and allocate resources. Option A is incorrect as management accounting information is not primarily used for external purposes. Option C is incorrect as this is the role of financial accounting information. Option D is incorrect as management accounting information is not related to ensuring compliance with SEC rules.

Managers Use Management Accounting Information to ________