Which of the following is not part of managerial accounting?

Question

Quizplus · Accepted Answer

Managerial accounting is focused on providing financial information to internal users for decision-making purposes. Reporting financial information to shareholders is part of financial accounting which is focused on providing financial information to external users, such as shareholders and creditors. Determining whether planned goals are being met, calculating product costs, and controlling costs are all part of managerial accounting.

Which of the Following Is Not Part of Managerial Accounting