Answer:
a. preparing external financial statements in compliance with GAAP.
Explanation:
Managerial accounting also known as cost accounting is an accounting technique focused on identification, measurement, analyzing, interpretation, and communication of financial information to managers for better decisions making and pursuit of the organization's goals.
Managerial accounting information includes all of the following performance evaluations, for example budget-to-actual reports, cost reports and budgets except financial statements prepared in accordance with generally accepted accounting principles.
Hence, managerial accounting information is normally provided to managers whenever they need or require it because they are a part of the internal decision makers. Managerial accounting typically comprises of both non-monetary and monetary informations about an organization.
All of the following are examples of managerial accounting activities;
I. Deciding whether or not to use automation.
II. Making equipment repair or replacement decisions.
III. Measuring costs of production for each product produced.
