Question

What is managerial accounting concerned with?

1) Financial reporting
2) Decision making
3) Cost analysis
4) All of the above

Answer 1

Managerial accounting is concerned with financial reporting, decision making, and cost analysis to support a company's performance.

Step-by-step explanation:

Managerial accounting is concerned with all of the above options: 1) Financial reporting, 2) Decision making, and 3) Cost analysis.

Financial reporting involves preparing and presenting financial information to internal users (e.g., managers) to assist in the planning and control of a company's operations. Decision making involves using accounting information to make informed decisions, such as whether to pursue certain projects or invest in specific assets. Cost analysis involves analyzing and understanding the costs associated with producing goods or providing services.

Overall, managerial accounting focuses on providing relevant financial information to support decision making and improve a company's performance.