What Is an Objective of Managerial Accounting

question 53

Multiple Choice

What is an objective of managerial accounting?

• A) to comply with international reporting standards
• B) to prepare external reports for investors, creditors, government agencies, and other outside users
• C) to provide tax information for planning, controlling, evaluating, and continuous improvement
• D) to provide information for the costing of services, products, and other objects of interest to management

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Definitions:

Equilateral Triangle

A polygon with three sides of equal length and three angles of equal measure, resulting in a symmetrical shape.

Natural Concept

A mental representation of objects or events from real-life experiences, as opposed to definitions precisely defined by rules.

Cohort

A group of individuals sharing a common characteristic, typically born around the same time, and studied to observe how specific variables affect them over time.

Concept

A mental category used to represent a class or group of objects, people, organizations, events, situations, or relations that share common characteristics or attributes.