Asked by Dorthie Brown on Jun 12, 2024
Verified
Accountants are mainly involved in developing nonfinancial information for management's consideration in choosing among alternatives.
Nonfinancial Information
Information that is not monetary in nature, such as customer satisfaction, employee turnover, and operational efficiency, used in decision making.
- Understand the importance of both financial and non-financial data in the process of making managerial decisions.
Verified Answer
JW
Jacob WilliamsJun 19, 2024
Final Answer :
False
Explanation :
Accountants are primarily involved in providing financial information to management for decision-making, not nonfinancial information. Nonfinancial information may be considered, but it is not the main role of accountants.
Learning Objectives
- Understand the importance of both financial and non-financial data in the process of making managerial decisions.
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