The main focus of managerial accounting is:
A) decision making.
B) the preparation of financial statements.
C) the preparation of budgets.
D) documenting cash flows.

Question

Quizplus · Accepted Answer

Managerial accounting is focused on providing information and analysis to managers to support their decision-making processes. While the preparation of financial statements and budgets may be part of this process, their ultimate purpose is to aid in decision making. Documenting cash flows is more a function of financial accounting.

The Main Focus of Managerial Accounting Is