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yaroslaw [1]
1 year ago
15

The purposes of managerial accounting are to provide useful information to aid in?

Business
1 answer:
yuradex [85]1 year ago
6 0

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.

To know more about the managerial accounting, here

brainly.com/question/27823997

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3 years ago
An appraiser prepared an appraisal report in April 2019. He testified in court regarding the value of the property in January 20
Salsk061 [2.6K]

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Based on the information given in the question, at a minimum, the appraiser must retain his workfile till April 2024.

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2 years ago
Even as it begins to produce the Mirai for the U.S. market, Toyota continues to manufacture its traditionally fueled cars, truck
Contact [7]

Answer:

Volatility

Explanation:

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They are producing both traditionally furled cars and the Mirai (a car that uses electricity). By this move they are appealing to both demand for normal fuel cars and those that want to use alternative energy sources

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2 years ago
When recording depreciation, which of the following statements is true?
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Answer:

D. None of the above are true.

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whereas, the total asset is decreased as the amount of asset is reduced by deducting the accumulated depreciation amount

The journal entry is shown below for better understanding

Depreciation Expense A/c XXXXX

To Accumulated Depreciation XXXXX

(Being depreciation expense is recorded)

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If accounting information is to be useful, it must be expressed in terms of​
Novay_Z [31]

Answer:

accounting information?

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