What is a primary objective of managerial accounting?
A) to provide the Canada Revenue Agency with information about taxable income
B) to provide management with information useful for planning and control of operations
C) to provide banks and other creditors with information useful in making credit decisions
D) to provide existing shareholders and potential investors with useful information for decision making

Question

Quizplus · Accepted Answer

The primary objective of managerial accounting is to provide management with information useful for planning and control of operations. This includes budgeting, forecasting, performance measurement, cost analysis, and other management functions. While managerial accounting information may be used for other purposes, such as tax reporting or investor relations, these are not the primary objectives of the field.

What Is a Primary Objective of Managerial Accounting