Explain the purpose and nature of, and the role of ethics in, managerial accounting.

Q: What are the main principles of managerial accounting?

A: Managerial Accounting: Managerial Accounting is the type of accounting that provides financial…

Q: Why is cost estimation an important function in managerial accounting?

A: Cost estimation involves predicting the cost to be incurred for the production of goods and services…

Q: Managerial accounting is a field of accounting that provides economic information for all interested…

A: Managerial accounting can be defined as a process under which information is identified, analyzed,…

Q: Which is not a characteristic of managerial accounting information? a. Emphasizes the external…

A: Managerial accounting:   Managerial accounting is more focused towards analyzing information and…

Q: How does managerial accounting differ from financial accounting?

A: Accounting: Accounting is an art of collecting, recording, summarizing and presenting the financial…

Q: Discuss how management accounting fits into an organization’s structure

A: Staff managers provide support services to the line managers. Staff managers are specialists that…

Q: Explain the concept and scope of Managerial Accounting together with its functions with example.

A: SOLUTION- CONCEPT OF MANAGERIAL ACCOUNTING - IT IS THE PROCESS OF IDENTIFICATION, MEASUREMENT ,…

Q: The accounting and other reports that help managers monitor performance and focus on problems and/or…

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: Explain the role of financial reporting in the development of managerial accounting. Why has this…

A: Managerial Accounting:   Managerial accounting refers to the internal accounting system that gives…

Q: How does management accounting fit into an organization's organizational structure?

A: This question explains about the management accounting fit into an organization's organizational…

Q: The objectives of management accounting is to assist management in the process of planning, control…

A: Business Accounting: a term used to describe managerial accounting: An internal accounting system…

Q: give an example of profit measurement in managerial accounting that fulfill a situation

A: Objective Managerial accounting Maximization of profit and minimization of losses  are the main…

Q: What is the differences between finacial accounting and managerial accounting ?

A: Financial Accounting v/s Managerial accounting

Q: What are some of the uses that management may make of accounting information about individual…

A: In a company, generally, various divisions have been made according to the type and flow of work.…

Q: Describe the managerial accountant’s role in business planning, control, and decision making.

A: Managerial accounting:   Managerial accounting is a process of analyzing, evaluating and…

Q: Distinguish between managerial and financial accounting in terms of the key consumers of their…

A: Introduction : When a company's transactions and economic activity throughout time are recorded and…

Q: Financial statements are prepared in the light of applicable financial reporting framework. What is…

A: Financial statements are made at the year end with the help of trial balance.

Q: Financial accounting provides information for managers and other internal users.

A: Managerial accounting provides information for managers and other internal users.

Q: Cost & Managerial Accounting and the Business Environment in details. Identify the major…

A: Cost and Managerial accounting and Business Environment plays an important role in a business's…

Q: What standards do management accountants follow?

A: Managerial Accounting is different than the financial accounting. Managerial accounting is prepared…

Q: How do management accountants supportstrategic decisions?

A: Management Accounting: Management accounting is a branch of accounting that is aimed at providing…

Q: primary users of managerial accounting information

A: Accounting information is presented in the financial statement of the company. The financial…

Q: Define managerial accounting

A: Accounting has its two branches; managerial accounting and financial accounting. Managerial…

Q: Distinguish  between Managerial Accounting and Financial Accounting with respect to the primary…

A: The process of recording, summarising, and reporting to the public or regulators the flow of…

Q: How is managerial accounting useful

A: Introduction: Accounting; Accounting is an art of recording, classifying,  summarizing and…

Q: What exactly is management accounting, in your own words? What is the significance of management…

A: HERE IS ANSWER:

Q: Compare and contrast financial and managerial accounting.  In your own words

A: Financial accounting: Financial accounting is the process of recording, summarizing, and reporting…

Q: Explain the differences between managerial accounting and financial accounting. (

A: Financial accounting and management accounting are two separate branches of accounting. Financial…

Q: what kind of decision that management accounting is used for?

A: According to Cost and Management Accounts, London, "Management Accounting is concerned with the…

Q: Compare and contrast financial and managerial accounting.      Explain the role of the management…

A:

Q: The objectives of management accounting is to assist management in the process of planning, control…

A: Managerial Accounting: Managerial accounting refers to the internal accounting system that gives…

Q: Describe the managerial accountant’s role in the decision-making process.

A:

Q: Explain why managerial accounting is important to managers in an organization

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Management accounting can be customized to the specific firm for which the information is being…

A: Management accounting refers to accounting information presented in a manner in which it will be…

Q: The major reporting standards and principles for presenting managerial accounting information are…

A: The major reporting standards and principles for presenting managerial accounting information are…

Q: What is the full form of CIMA, the professional body controlling the profession of Cost Accounting?…

A: Introduction: CIMA: CIMA is Established in March , 1919 CIMA is the world largest Accounting body.

Q: a. What are the techniques that are commonly used in Management accounting?

A: Management Accounting :— Management Accounting are also known as cost accounting of Management…

Q: Describe the purpose of managerial accounting.

A: Managerial Accounting: Managerial Accounting is mainly concerned with internal users of the…

Q: Which of the following is a characteristic of managerial accounting? a. There is an internal focus.…

A: Managerial accounting refers to the practice of recognizing, estimating, breaking down, deciphering,…

Q: Management accounting emphasizes on the roles of reporting for internal users. Discuss.

A: Management accounting is one of the branch of accounting in which decisions are being made on the…

Q: Why is managerial accounting relevant to business majors and their future careers?

A: Accounting has its two branches; managerial accounting and financial accounting. Managerial…

Q: agerial

A: Managerial accounting is the process of identifying, analyzing, interpreting and communicating…

Q: What are the major differences between financial accounting and managerial accounting?

A: Financial AccountingFinancial accounting is the process of recording all the transactions which are…

Q: purpose of preparation of financial statements

A: Management uses the internal information reports for most of the decision making, ascertainment and…

Q: How the changing of technology gives an impact on management accounting practices?

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: what is managerial accounting and why could it be important in your present and future plans as a…

A: Management Accounting is the field of accounting which deals to present the necessary accounting…