Question 1
Good managerial accounting information helps
◦ creditors assess liquidity.
◦ creditors decide on good credit risks.
◦ managers to do their jobs.
◦ stockholders make informed investment decisions.
Question 2
Managerial accounting is used by managers to
◦ provide information used in planning, evaluation and controlling functions, and provide expertise to assist management in an organization's strategy.
◦ assure accountability for an organization's resources, and provides information used in planning, evaluation and controlling functions.
◦ assure appropriate use of an organization's resources, accountability for an organization's resources, and provides information used in planning, evaluation and controlling functions within an organization.
◦ partner with management decision making, devise planning and performance management systems, and provide expertise to assist management in an organization's strategy.
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Accounting Question