Managerial accounting involves preparing financial statements for use by external stakeholders such as owners, creditors, and suppliers.

Name: Managerial accounting involves preparing financial statements for use by external stakeholders such as owners, creditors, and suppliers.
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Question

Quizplus · Accepted Answer

Managerial accounting is focused on providing financial information and reports for internal use by management to make decisions about the operations of a company. It is not primarily geared towards external stakeholders.

Managerial Accounting Involves Preparing Financial Statements for Use by External