The purposes of managerial accounting are to provide useful information to aid in "calculating the costs of a company's goods and services, planning for future activities, and comparing actual to planned results."
<h3>What is managerial accounting?</h3>
Managerial accounting is the method of identifying, assessing, analyzing, analyzing, and communicating financial data to executives in order to help them achieve the goals of their organization.
Some key points regarding the managerial accounting are-
- Managerial accounting differentiates from financial accounting in that its intended purpose is to assist users within the organization in making well-informed strategic decisions.
- Unlike financial accounting, managerial accounting techniques are not governed by accounting standards.
- The demonstration of managerial accounting information can be tailored to the needs of the end user.
- Managerial accounting includes many aspects of accounting, such as product costing, financial planning, forecasting, and financial analysis.
- Financial accounting, on the other hand, generates and disseminates formal financial statements for mass consumption that adhere to current accounting standards.
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Answer:
People or team oriented
Explanation:
The best organization culture is there when there is no comparison between the people who are working at different departments, different levels, etc
The rules, procedures, policies are all not for any single person
Here if the high level managers involves the others in decision making process and seek their opinions for the betterment of an organization that this represents the team oriented as the whole organization is working as a team so the same is to be considered
Answer:
Yes
Explanation:
It is possible for an investor to be attracted to holding gold as a part of his portfolio despite that it appears stocks dominate gold.
An investor may elect to hold gold if there is a low correlation between stocks and gold. However, if the correlation between gold and stocks is high, gold will not be attractive and no investor will hold god.
Therefore, an investor will hold gold when there is a low correlation between stocks and gold.
<span>The success of the
glucose-averse cockroaches in their new environment depends on the future use
of glucose-baited poison in the apartment. If glucose-baited poison is not
used, it is likely that the resident cockroaches will outcompete the new cockroaches,
as the resident cockroaches will not exclude glucose-containing foods from
their diet. However, the use of glucose-containing poison in the apartment will
provide the new cockroaches a distinct selective advantage, as they will
survive to reproduce, whereas the majority of the resident cockroaches will
die.</span>
Answer:
Management implies a conception and practice regarding power, administration and ways of building consensus and hegemony within an organization or institution. Management is the way to carry out the articulation between the perspectives, through the organizational modes that serve the same and that are consistent with the fines and objectives of the institution.
Explanation:
According to this, the management action crosses the entire institution, in its relationships, in internal coordination, in the ways of establishing work ties, working communities, in the set of options that are adopted when interacting with other institutions It is not just driving or direction. It is the coordination of work processes within the framework of an organization, where roles and tasks are given, which in principle can be articulated generating levels of management.
