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Managerial Accounting Information Is Generally Prepared For
A) creditors
B) regulatory agencies
C) shareholders
D) managers
Answer
Managerial Accounting Information Is Generally Prepared For Managers.
The term “managerial accounting” encompasses a wide variety of activities and responsibilities. Managerial accountants are responsible for providing financial and non-financial information to managers within organizations. Managers generally use this information to make decisions about how to allocate resources and run operations within their respective areas of responsibility.
Managerial accounting information can be used for a variety of purposes, including planning, decision making, performance evaluation, and cost control. The type of information that managerial accountants prepare depends on the specific needs of the manager who will be using it. In general, however, managerial accounting information falls into two broad categories: financial information and non-financial information.
