Which of the following is not a benefit of budgeting? a. It sets some standards to evaluate performance. b. It uncovers drawbacks of department performance c. It reduces the need to track the actual cost activity d. It formalizes a manager's planning efforts

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: Discuss development needs and skills required for managerial accounting job and future goals?

A: The objective of this question is to understand the skills and development needs required for a…

Q: Is it correct that managerial accounting mainly provides services for manufacturing organizations?…

A: Management accounting is a tool which produce different financial report based on the requirement of…

Q: Explain the purpose and nature of, and the role of ethics in, managerial accounting.

A: Managerial accounting: Managerial accounting is a system, or a process of collecting and organizing,…

Q: What is the beginning & end function of management process? a. Directing & Controlling b.…

A: Functions of management process - Planning  organizing  leading controlling

Q: Identify and explain the trends in managerial accounting?

A: Managerial accounting is a accounting system which identify, interpret and measure the analysis of…

Q: What are the differences between managerial accounting and financial accounting? take examples

A: Managerial accounting: Management accounting is a practice whereby management reports and accounts…

Q: What are the differences between managerial accounting and financial accounting? taking example

A: Definition:   Managerial accounting: Managerial accounting is a system, or a process of collecting…

Q: primary users of managerial accounting information

A: Accounting information is presented in the financial statement of the company. The financial…

Q: One of the managerial accounting functions in a decentralised organisation is to develop a…

A: Responsibility accounting is a system that involves identifying investment centers within an…

Q: Managerial accounting reports can be described as O general-purpose. special-purpose. O…

A: Managerial accounting, sometimes known as managerial accounting, is a type of accounting that…

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…