Managerial accounting:
A)provides reports and analysis to external stakeholders to show them the current business state.
B)is the branch of accounting that adheres most strictly to the generally accepted accounting principles.
C)provides managers information about a firm's financial situation on a predetermined schedule.
D)provides reports and analysis to managers to help them make informed business decisions.

Question

Quizplus · Accepted Answer

Managerial accounting is the branch of accounting that focuses on providing managers with financial information to aid their decision-making processes. This includes data analysis, budgeting, forecasting, and various other techniques to help managers make informed decisions about the future of the business. It is not concerned with providing reports or analysis to external stakeholders, and while it may follow some generally accepted accounting principles, it does not adhere to them as strictly as financial accounting. Finally, while it may provide regular reports to managers, the schedule is typically tailored to the specific needs of the business rather than predetermined.

Managerial Accounting