Management accounting
A) helps managers make decisions.
B) is useful for external and internal users.
C) creates technical reports that require external audit for verification.
D) is the same as cost accounting.

Question

Quizplus · Accepted Answer

Management accounting is focused on providing information to internal users (primarily managers) for decision-making purposes. It includes a wide range of techniques and methods to analyze and interpret financial and non-financial information related to the organization's operations, costs, revenues, and performance. Cost accounting is a subset of management accounting that focuses on measuring and controlling the cost of producing goods or services. Management accounting is not typically subject to external audit, as it is intended for internal use only.

Management Accounting