Managerial accounting:
A) has its primary emphasis on the future.
B) is required by regulatory bodies such as the SEC.
C) focuses on the organization as a whole, rather than on the organization's segments.
D) Responses a, b, and c are all correct.

Question

Quizplus · Accepted Answer

Managerial accounting primarily focuses on providing information for future decision-making rather than historical data.

(Note: Options B and C are incorrect as managerial accounting is not required by regulatory bodies and it does focus on segments of an organization.)

Managerial Accounting