Which of the following statements is false regarding managerial accounting information?
A)It is often used by investors.
B)It is more detailed than financial accounting information.
C)It can include nonfinancial information.
D)It focuses on divisional rather than overall profitability.

Question

Quizplus · Accepted Answer

Managerial accounting provides information primarily for internal users,or managers,of businesses.Managers require more detailed information about a business than do external users,and sometimes that information is nonfinancial in nature.Managerial accounting information focuses on divisional rather than overall profitability and is not typically made available to external users,such as investors.

Which of the Following Statements Is False Regarding Managerial Accounting