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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

Name and describe six areas of specialization for a managerial accountant.

To determine

Name and describe six areas of specialization for a managerial accountant.

Explanation

The six areas of specialization for a managerial accountant are:

  • Accounting information systems: Managerial accountants specialized in the accounting information system helps in designing and implementing manual and the computerized accounting system.
  • Cost accounting: The accountant helps in measuring the cost of the specific products or service provided. In addition, analysis is carried out by the accountant as to determine whether the products and services are produced in a most cost-effective manner.
  • Financial accounting: Financial accounting is prepared by the book keepers and accounting clerks, the accountants prepare various reports and financial statements. Financial accounting helps the accountant to analyze the operating, investing and financing decision...

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