What is the primary goal of managerial accounting? - ProProfs Discuss
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What is the primary goal of managerial accounting?



A. To provide information to shareholders
B. To provide information to creditors
C. To provide information to internal decision-makers
D. To provide information to both shareholders and creditors

This question is part of AAT Level 2 Basic Costing Assignment 1
Asked by Woodfrank, Last updated: Aug 03, 2020

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2 Answers

S. Barnes

Driving down to Knowledge town

S. Barnes, Chauffeur, Graduate, Seattle

Answered May 17, 2019

The correct answer to this question is C, To provide information to internal decision-makers. Managerial accounting is also known as cost accounting. This process identifies, analyzes, measures interprets, and communicates information to managers. This information is used to help with the goals of the company.

Managerial accounting is not to be confused with financial accounting. The difference is the information discovered through Managerial accounting is to help managers within the company. Financial accounting's data is used to help other people outside of the company. This process helps in evaluating the company's costs, about products and services, and helps the company stay on budget.

 

woodfrank

Woodfrank

Answered Feb 25, 2018

Internal decision-makers
 

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