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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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An effective managerial accounting system should track information about an organization’s activities in which of the following areas?

  1. a. Development
  2. b. Marketing
  3. c. Production
  4. d. Design
  5. e. All of these.

To determine

Identify the area in which an effective managerial accounting system tracks information about activities of the organization.

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.

a.

Development is the procedure that leads to increase in growth and positive change in the organization. So, managerial accounting system easily tracks all the information about the development in the organization. Therefore, this option is valid.

b.

Marketing is the action related translating consumer needs into goods and services. So, managerial accounting can track the information of marketing of an organization...

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