Question

The fact that Minnie spends most of her time measuring costs and checking to see if departments are staying within their budgets suggests that she is often involved in:
a. auditing
b. managerial accouting
c. bookkeeping
d. departmental certification

Answer 1

Answer: B) Managerial Accounting

Explanation:

Minnie is a managerial accountant because she spends her time measuring cost and checking if various departments are still within their budget.

Managerial accounting: It can also be called " cost accounting" or " management accounting". It is a branch of accounting that identifies, measures, analyze, interprete, and communicate financial information to managers. It helps managers make rational decisions regarding the operations of the business.

Minnie as a managerial accountant, needs to analyze various events and operational data in order to translate those data into useful information that can be used by the management in their decision-making process.

Minnie's duty is to provide information regarding the business operations by analyzing data of each department.