Managerial accounting is used internally in making business decisions.
Managerial accounting, sometimes known as management accounting, is a type of accounting that generates statements, reports, and documentation to assist management in making better choices about the performance of their firm.
Managerial accounting is largely utilized internally. Managerial accounting is used to plan, make decisions, and control. These are the field's three pillars.
Managerial accounting is concerned with the internal consumers of accounting data. Executives, product managers, sales managers, and any other corporate people who utilize accounting information to make decisions are examples of internal users.
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