Asked by Jaylee Field on Apr 26, 2024
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Evaluating employee performance and making strategic decisions are two examples of how managerial accounting information is used.
Managerial Accounting
The branch of accounting that uses both historical and estimated data in providing information that management uses in conducting daily operations, in planning future operations, and in developing overall business strategies.
Strategic Decisions
Choice made by an organization's top management on long-term goals and policies, usually involving resources allocation and efforts to achieve competitive advantage.
- Identify how managerial accounting information is used for evaluating employee performance and making strategic decisions.
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Learning Objectives
- Identify how managerial accounting information is used for evaluating employee performance and making strategic decisions.
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