GuideFoot - Learn Together, Grow Smarter. Logo

In Business / College | 2025-07-06

Which of the following phrases is most identified with managerial accounting?
A. Communicates accounting information within an organization to make appropriate internal decisions about financial issues.
B. Communicates accounting information to users like creditors and investors, according to accepted methods under the Financial Accounting Standards Board.
C. Communicates accounting information mostly externally from an organization to provide information about a company's financial health.
D. Communicates accounting information that assists individuals in making informed decisions about businesses and other organizations.

Asked by Crochetmom68

Answer (2)

The chosen option for managerial accounting is: "Communicates accounting information within an organization to make appropriate internal decisions about financial issues." This highlights its emphasis on internal decision-making within organizations. Managerial accounting provides vital, internal financial information that informs management decisions.
;

Answered by Anonymous | 2025-07-06

Managerial accounting provides internal financial information that helps management make informed decisions. It is distinct from financial accounting, which is aimed at external stakeholders. Thus, the most appropriate phrase identifies its role in internal decision-making processes. ;

Answered by GinnyAnswer | 2025-07-06

Related Questions in Business

📝 Answered - When the yield to maturity of a bond goes up, the price typically: A. is determined by market factors B. goes down C. does not change D. goes up

📝 Answered - A type of life insurance policy that requires premiums only for a specified number of years or to a specific age is called a: A. term life policy B. limited pay policy C. key man insurance policy D. split dollar policy

📝 Answered - Which of the following correctly explains how the concept of demand affects the change in use of credit? Select the two correct answers. A. High interest rates yield low demand for credit. B. Low interest rates yield high demand for credit. C. High interest rates yield high demand for credit. D. Low interest rates yield low demand for credit. E. Both low and high interest rates yield low demand for credit because consumers see it as an indicator that the market is not in equilibrium. Demand is highest when rates are neither too high nor too low.

📝 Answered - A company is researching mining at four different land areas using different types of equipment. The table below shows the costs of land, equipment, mining, and reclamation for the four locations: | Locations | Cost of land | Cost of equipment | Cost of mining and reclamation | Time taken to mine the area | | --------- | ------------ | ----------------- | -------------------------------- | --------------------------- | | 1 | $100,000 | $10,000 | $5,000 per day | 30 days | | 2 | $35,000 | $6,000 | $4,500 per day | 45 days | | 3 | $30,000 | $7,500 | $3,500 per day | 120 days | | 4 | $40,500 | $8,000 | $7,000 per day | 65 days | Considering all costs, which location will cost the least for the company to mine? A. Location 1 B. Location 2 C. Location 3 D. Location 4

📝 Answered - Internal-operational communications are messages that A. are circulated both inside and outside a business B. get an organization's work done C. are sent between competing organizations within the same industry D. employees send to discuss strictly personal matters