Managerial accounting is an activity that helps managers determine costs of products and services, plan future activities, and c

Question

Marina CMI [18]

3 years ago

7

Managerial accounting is an activity that helps managers determine costs of products and services, plan future activities, and c

ompare actual to planned results. True or False True

Business

1 answer:

Elenna [48] · Answer 1 · 2021-12-30T02:54:06+03:00

Answer:

True.

Explanation:

Managerial accounting involves managers using accounting information to better inform themselves before making business decisions. It involves analysing, interpreting and communicating financial data to managers to aid in achievement of organisation's goals.

Managerial accounting is for internal use in the business. Data is modified to meet specific need of the end-user. For example a manager may want to see sales figures for a quarter compared to business target. This will give an idea if the business is meeting it's objectives.