Question 1
Which of the following is
not a way managers use managerial accounting?
◦ Communicate information to stockholders
◦ Provide information used in planning, evaluation and controlling functions
◦ Partner with management decision making
◦ Assure accountability for an organization's resources
Question 2
Managerial accounting is used by managers to
◦ decide the long-term direction of a company and comply with GAAP.
◦ generate and analyze relevant information to support managers' strategic decision making.
◦ plan, evaluate, and control financial statements and to assure appropriate use of and accountability for organizational resources.
◦ focus on past results to aid in decision making for managers.
Managerial Duties
Development Accounting
Horngren's Accounting, 11th Edition
Cost Accounting: A Managerial Emphasis 16th Edition
MANAGEMENT ACCOUNTING
MANAGEMENT ACCOUNTING