Managerial accounting provides information, not intended for the general public, to internal stakeholders such as the managers of specific divisions or departments.

Question

Quizplus · Accepted Answer

Managerial accounting is focused on providing relevant financial information to internal stakeholders, such as managers and executives, to make informed decisions about the operations of their specific divisions or departments. This information is not intended for external parties, such as investors or the general public.

Managerial Accounting Provides Information, Not Intended for the General Public