Answered: Justify managers' use of accounting…

Business

Accounting

Justify managers' use of accounting rules in managing the company's profits.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 9MC: External users of accounting information would include ________________. employees managers...

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Question

Justify managers' use of accounting rules in managing the company's profits.

Definition Definition Process by which financial information is analyzed, interpreted, and communicated to managers to support the achievement of an organization's goals. The main objective of managerial accounting is to maximize profits and minimize losses.

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