Asked by Lucas Castro on Jun 06, 2024
Verified
Managerial accounting is an activity that helps managers determine costs of products and services,plan future activities,and compare actual to planned results.
Managerial Accounting
The practice of analyzing, interpreting, and communicating financial information to managers for the purpose of achieving business goals.
Future Activities
Planned actions or tasks that are intended to be executed in the future time.
Actual To Planned
Comparison between the actual performance or results and the planned or budgeted figures.
- Understand various tools in managerial accounting that assist in making decisions.
Verified Answer
AO
Abigail OrschellJun 06, 2024
Final Answer :
True
Explanation :
Managerial accounting provides information to assist managers in making decisions, setting budgets, and evaluating performance. It is focused on providing internal stakeholders with information that is relevant to their decision-making needs.
Learning Objectives
- Understand various tools in managerial accounting that assist in making decisions.
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