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Questions and Answers
Why is managerial accounting important for a company?
Why is managerial accounting important for a company?
- To measure and analyze financial information.
- To plan and control a company’s operations.
- To communicate financial information.
- All of the above. (correct)
Which of the following best describes managerial accounting?
Which of the following best describes managerial accounting?
- The process of identifying, measuring, analyzing, and communicating financial information needed by management to plan, control, and evaluate a company’s operations. (correct)
- The process of identifying, measuring, and analyzing financial information needed by management to plan, control, and evaluate a company’s operations.
- The process of identifying, measuring, analyzing, and communicating financial information needed by management to evaluate a company’s operations.
- The process of identifying, measuring, analyzing, and communicating financial information needed by management to plan and control a company’s operations.
What is the main purpose of managerial accounting?
What is the main purpose of managerial accounting?
- To control and evaluate a company’s operations.
- To plan, control, and evaluate a company’s operations. (correct)
- To analyze and communicate financial information.
- To identify and measure financial information.
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