A distinguishing feature of managerial accounting is

Q: Why is cost estimation an important function in managerial accounting?

A: Cost estimation involves predicting the cost to be incurred for the production of goods and services…

Q: Manufacturing Accounting is different from Financial Accounting...what is the  nature and purpose of…

A: Departmental accounting is system of bookkeeping where the transactions of all the departments…

Q: Can a business do without managerial accounting ?

A: Business is defined as any unit that is engaged in executing activities. They may be involved in…

Q: Describe in detail the characteristics of managerial accounting.

A: Solution Managerial accounting is that part of accounting that deals with quality of information. It…

Q: Explain the factors that cause fraud in managerial accounting.

A: Introduction: The discussion about fraud: Consideration of Fraud in a Financial Statement Audit the…

Q: Discuss specific characteristic differences we would expect to see in managerial accounting…

A: Financial accounting is the process of documenting, summarizing, and reporting a company's…

Q: Much of managerial accounting information is based on: a, cost-benefit analysis b. profit…

A: Managerial Accounting is the branch of accounting that focuses on providing accounting information…

Q: Managerial accounting information generally pertains to an entity as a whole and it is directed…

A: True

Q: True or False Cost and managerial accounting are not the same things

A: Cost accounting is the process of accounting and controlling the cost of a product,operation or…

Q: In responsibility accounting, why are reports to higherlevel managers usually summarized?

A: Responsibility Accounting:   The management of responsibility centers by the means of Fe-determined…

Q: Managerial accounting’s reports are prepared more frequently than financial accounting’s reports. *

A: Managerial accounting helps the management in making decisions like buying or making, discontinuing…

Q: Managerial accounting provide information for decision making, planning, and controlling an…

A: Managerial accounting is more of a goal focused and provides to the management of the company with…

Q: Is the value chain in a managerial accounting a tool that primarily assists in the valuation of…

A:

Q: give an example of profit measurement in managerial accounting that fulfill a situation

A: Objective Managerial accounting Maximization of profit and minimization of losses  are the main…

Q: Identify some qualitative factors that should be considered when making managerial decisions.

A:

Q: ow important profit center in managerial accounting

A: Profit Center - Profit Center is the individual unit operating independently from the main branch or…

Q: When evaluating the performance of a manager, why shouldfixed costs be divided into the categories…

A: Controllable expenditure: Controllable expenditure is an expenditure that is directly controllable…

Q: y in the use of company r

A: Managerial efficiency : The fraction of total organisation personnel that contributes to performance…

Q: Managerial accounting is generally defined as including the following activities: Multiple Choice O…

A: Managerial accounting is one of important and useful branch of accounting. Under this, all the…

Q: Explain the differences between managerial accounting and financial accounting. (

A: Financial accounting and management accounting are two separate branches of accounting. Financial…

Q: What are the main differences between managerial and external accounting?

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: True / False Determine whether each sentence is True or False: Financial accounting reports are…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: is not an objective of managerial accounting? a. To prepare external reports for investors,…

A: Management accounting is important because it help us to  analyse in order to make better decisions…

Q: Evaluating employee performance and making strategic decisions are two examples of how managerial…

A: Examples of how managerial accounting information is used, Evaluating Employees Performance Making…

Q: Explain why knowledge of cost behavior is important for managerial decision making

A: Knowledge of cost behavior is important for managerial decision making because it helps managers to…

Q: The major reporting standards and principles for presenting managerial accounting information are…

A: The major reporting standards and principles for presenting managerial accounting information are…

Q: Why is it important in responsibility accounting to distinguish between segments and segment…

A:

Q: Why are externally presented reports required to be prepared according to generally accepted…

A: GAAP principles are a set of world-renowned accounting principles that defines the rules and…

Q: Describe the purpose of managerial accounting.

A: Managerial Accounting: Managerial Accounting is mainly concerned with internal users of the…

Q: Define the difference in managerial accounting from financial accounting. Plus give an example

A: Answer:- Accounting meaning:- Accounting is the practice of keeping track of a company's financial…

Q: The branch of accounting that helps in managerial decision making is: O Financial accounting…

A: Introduction: Accounting: Accounting is recording , classifying , summarizing , interpreting…

Q: The two dimensions of managerial accounting are:

A: Management accounting provides such financial information and resources for management and investors…