Managerial accounting is different from financial accounting in that

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: What can be understood from the term Accounting diversity?

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

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

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Q: Explain what is meant by responsibility reporting and the role of management by exception in such a…

A: Responsibility reporting is an approach used in maResponsibility reporting assigns financial and…

Q: The importance of management accounting  and The role of Management Accountants

A: Management accounting is a branch of accounting that focuses on providing financial information to…

Q: Management accounting focuses on     internal reporting.     tax preparation.     auditing.…

A: Management accounting: Under this accounting includes providing the information related to the…

Q: How is managerial accounting useful

A: Introduction: Accounting; Accounting is an art of recording, classifying,  summarizing and…

Q: Ethical challenges for management accountants include

A: Management accountants are the one who interprets financial information for making smooth business…

Q: Understand how management accounting fits into an organization’s structure

A: Management accounting:  Management accounting measures, analyses, and reports both financial and…

Q: The objectives of management accounting is to assist management in the process of planning, control…

A: Managerial Accounting: Managerial accounting refers to the internal accounting system that gives…