Managerial accounting reports are prepared:
A) to provide creditors with information useful in making credit decisions.
B) to meet the needs of decision makers within the firm.
C) to present historical information.
D) all of these are correct.

Question

Quizplus · Accepted Answer

Managerial accounting reports are prepared specifically to meet the needs of decision makers within the company, rather than external parties such as creditors. These reports tend to focus on future projections and analysis, rather than presenting historical information. While creditors may also use some managerial accounting information in making credit decisions, this is not the primary purpose of these reports.

Managerial Accounting Reports Are Prepared