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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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Explain why today’s managerial accountant must have a cross-functional perspective.

To determine

Explain the necessity of cross-functional perspective to the managerial accountant.

Explanation

Value Chain:

Value chain refers to the procedure of activities through which the goods and services are designed, developed, produced, marketed and delivered to the customers. Value chain also provides assistance to the customers in case they are facing any issue. Cross-functional perceptive is the major function of the value chain.

For properly managing the value chain, managerial accountant must understand the many functions of the value chain. A cross functional perspective allows accountants to determine the value of revenue and expenses of the company...

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