Which of the following statements is true about the use of managerial accounting information in nonprofit organizations?
A. Because managers of nonprofit organizations need timely and relevant information to make decisions, managerial accounting is vital to these organizations.
B. Because nonprofit organizations-hospitals, educational institutions, charities-do not exist with a profit motive, they do not use managerial accounting principles.
C. Unlike other nonprofits, hospitals (which exist with a focus on financial results in addition to health metrics) make use of managerial accounting.
D. Universities do not exist strictly to earn profit for shareholders, so managerial accounting information is not vital to their operations.
Answer: A
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