BuyFind

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
Publisher: Cengage Learning
ISBN: 9781337115773
BuyFind

Managerial Accounting: The Corners...

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

Solutions

Chapter 1, Problem 1DQ
Textbook Problem

What is managerial accounting

Expert Solution
To determine

Explain the term managerial accounting.

Explanation of Solution

Managerial Accounting:

Managerial accounting refers to the internal accounting system that gives both financial and non-financial information for the internal users of the organization. This helps the manager in making crucial business decisions.

Managerial accounting information helps users in the following ways:

  • Problems or errors done at the organizational level can be detected.
  • The course of action to achieve a particular goal of the organization can be planned.
  • Implementation of the plan can be monitored.
  • Decisions regarding choosing the best among the available alternatives can be made.

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Chapter 1 Solutions

Managerial Accounting: The Cornerstone of Business Decision-Making

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