Discuss development needs and skills required for managerial accounting job and future goals?
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Discuss development needs and skills required for
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- Should a managerial accounting system provide both financial and nonfinancial information? Explain.An effective managerial accounting system should track information about an organizations activities in which of the following areas? a. Development b. Marketing c. Production d. Design e. All of these.Who are the primary users of the information gathered by managerial accountants?
- Managerial accounting produces information: to meet the needs of external users that is often focused on the future to meet the needs of investors that follows the rules of GAAPWhen managerial accountants design an evaluation system that is based on criteria for which a manager is responsible, and it is structured to encourage managers to make decisions that will meet the goals of the company as well as their own personal job goals, the framework used is _______. A. a controllable factors framework B. an uncontrollable factors framework C. a strategic plan framework D. a responsibility accounting frameworkWhich of the following groups would have access to managerial accounting information? A. bankers B. investors C. competitors of the business D. managers
- There are individuals who are under the impression that managerial accounting provides services mainly for manufacturing organizations. Are they correct? Explain.Briefly explain the practice of enterprise risk management and the role that can be played by managerial accountants in enterprise risk management.What combination of quantitative factors and qualitative factors would you like your potential employer to use as a performance management system? Explain your answer.
- All of the following are examples of managerial accounting activities except ________. A. preparing external financial statements in compliance with GAAP B. deciding whether or not to use automation C. making equipment repair or replacement decisions D. deciding whether or not to use automationOther than accounting skills, what six qualities must be prevalent in a managerial accountant?
