Question

A distinguishing feature of managerial accounting is that:

A. It focuses on the organization as a whole.
B. It is primarily used for external reporting.
C. It emphasizes future-oriented information.
D. It is only concerned with financial aspects.

Answer 1

Managerial accounting emphasizes future-oriented information.

Step-by-step explanation:

A distinguishing feature of managerial accounting is that it emphasizes future-oriented information (Option C). Managerial accounting focuses on providing information to internal users, such as managers, to support planning, decision-making, and control within an organization. This includes forecasting future costs, revenues, and profits based on historical data and other relevant information to help managers make informed decisions about the future of the organization.