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Horngren'S Financial And Managerial Accounting
Found in: Page 884

Short Answer

1. What is the primary purpose of managerial accounting?

Managerial accounting is a field of accounting that has the purpose of providing information to managers and employees.

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Step by Step Solution

Step 1: Definition of  managerial accounting

Managerial accounting is defined as the field of accounting which focus on providing information for internal decision-makers.

Step 2: Purpose of marginal accounting

Managerial accounting has the main purpose of providing the relevant information to the managers and employees to plan, direct, and control operations.

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