Which group of stakeholders is management accounting designed to satisfy?

Question

Quizplus · Accepted Answer

Management accounting is designed to provide information to the internal management of an organization to support decision-making, planning, controlling, and performance evaluation. It helps managers to understand the financial implications of their decisions and to take corrective actions if necessary. Management accounting is not primarily designed to satisfy external stakeholders such as creditors, investors, or governmental agencies, although some of the information produced by management accounting may also be relevant for these groups.

Which Group of Stakeholders Is Management Accounting Designed to Satisfy