Managerial accounting,as compared to financial accounting,is primarily intended to facilitate:
A)an understanding of GAAP.
B)making decisions with timely,relevant information.
C)conducting ethics investigations under SOX.
D)reporting results to shareholders.

Question

Quizplus · Accepted Answer

Managerial accounting is focused on providing information that helps managers make decisions that benefit the organization. This information is often timely and relevant, unlike the financial accounting information that is prepared for external reporting purposes and must adhere to GAAP. While ethics investigations may be conducted using managerial accounting information, this is not the primary purpose of the discipline. Additionally, managerial accounting is not focused solely on reporting results to shareholders, but rather on providing information for internal decision-making.

Managerial Accounting,as Compared to Financial Accounting,is Primarily Intended to Facilitate