SFFAS No. 4 defines ___ as the process of accumulating, measuring, analyzing, interpreting and reporting costs.

• A. Managerial Accounting
• B. Financial Accounting
• C. Cost Accounting
• D. Auditing

Answer: (A)

Managerial cost accounting is the internal process of accumulating, measuring, analyzing, interpreting, and reporting costs to support management decisions. This focus on internal decision-making and performance management distinguishes it from financial accounting, which prepares information for external stakeholders, and from auditing, which involves independent verification of records. While cost accounting is a related term, the standard specifies this internal process as managerial cost accounting, making it the best fit for the described activities.