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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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Should a managerial accounting system provide both financial and nonfinancial information? Explain.

To determine

Discuss whether managerial accounting should provide financial as well as non-financial information.

Explanation

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 taking crucial business decisions.

Both financial and non-financial information are required by managers for the purpose of planning, controlling and decision making...

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