Question

Management accounting primarily is concerned with providing:A) information to managers inside the organization as well as information to stockholders, creditors, & others outside the organization.B) information to stockholders, creditors, & others outside the organization.C) information to managers inside the organization.D) information to governmental regulatory agencies.

Answer 1

Answer:

The correct answer is C:  information to managers inside the organization

Explanation:

Management accounting is a part of accounting that regards the identification, measurement, analysis, and interpretation of accounting information to help managers in the decision-making process to efficiently manage a company’s operations. On the contrary of financial accounting, which is primarily concentrated on the correct organization and reporting of the company’s financial transactions to outsiders (e.g., investors, lenders), managerial accounting is focused on internal decision-making.