Managerial accounting stresses accounting concepts

  Managerial accounting stresses accounting concepts and procedures that are relevant to preparing reports for investors and banks. internal users of accounting information. shareholders and creditors. the Securities and Exchange Commission (SEC). Question #2 The goal of managerial accounting is to provide information that managers need for planning, control, and financial reporting. control, evaluation, and financial reporting. planning, control, and decision making. preparing reports for external users. Question #3 The financial plans prepared by managerial accountants are referred to as budgets. financial statements. treasurer’s reports. controller’s opinions. Question #4 Performance reports often compare current performance with a competing company’s performance. shareholders’ expected level of performance. industry standards. performance in a prior period or budgeted performance