Carlos is a managerial accountant for the Procade Paper Products firm.

QUESTION

Carlos is a managerial accountant for the Procade Paper Products firm. Which of the following would he NOT be responsible for?

A) preparing budgets
B) analyzing the costs of production and marketing
C) determining whether departments are staying within their budgets
D) supplying financial analyses to stockholders and creditors
E) evaluating the impact of promotion strategies

ANSWER

Answer: D
Explanation: D) Managerial accountants provide information used for decision making within a business. They prepare budgets, analyze the costs of production and marketing, determine whether departments are staying within their budgets, and deal with other matters internal to a business. They do NOT provide accounting information to outside users.