Which of the Following Is the Primary Focus of Managerial

question 149

Multiple Choice

Which of the following is the primary focus of managerial accounting?

• A) providing information that managers need to make operational decisions
• B) providing historical data to investors and creditors
• C) providing summarized results of operations
• D) providing information to comply with laws and regulations of government bodies

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Definitions:

Current Account

The component of a country's balance of payments that records the value of exports and imports of goods and services, as well as international transfers of capital.

Capital Account

It reflects the net change in assets and liabilities from transactions in foreign investments and loans, indicating a country's financial position with the rest of the world.

Financial Account

A component of a country’s balance of payments that records transactions of foreign investment and domestic investment abroad, reflecting changes in ownership of international assets.

Financial Account

A component of a country's balance of payments that records transactions involving financial assets and liabilities between residents and non-residents over a period.