Question

Managers use management accounting information to ________.

A) help external users such as investors, banks, regulators, and suppliers
B) communicate, develop, and implement strategies
C) communicate a firm's financial position to investors, banks, regulators, and other outside parties
D) ensure that financial statements are consistent with the SEC rules

Answer 1

Managers use management accounting information to communicate, develop, and implement strategies.

Step-by-step explanation:

Managers use management accounting information to communicate, develop, and implement strategies. Management accounting provides managers with the necessary data and analysis to make informed decisions and set strategic goals. By understanding the financial position of the company, managers can develop effective strategies that align with the company's goals and maximize profitability. For example, if a manager has access to information about the costs and profitability of different product lines, they can use that information to make decisions about allocating resources and investing in new products.