Answered: Why are many companies divided into…

Business

Accounting

Why are many companies divided into departments?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 2Q: Is there a way to prevent managers from focusing on accounting measures as performance measures?

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Do you think most organizations use one or both managerial and financial accounting? Why?
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Why do you think it’s so important for businesses to also put an emphasis on managerial accounting? What benefits do you think are gained when using managerial accounting?
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please answer both questions What are ways in which the profession and tools of managerial accounting help organizations function well and make better decisions ? How can it be helpful to non-financial managers and employees to know more about managerial accounting ?
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What are operations people’s primary complaints against the accounting procedures used in most firms? Explain how such procedures can cause poor decisions for the total company.