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:
Allowance for Doubtful Accounts of $1000 credit balance and Bad Debt Expense of $950 ($1000- 50 (unadjusted))
Explanation:
Answer:
So is ; There is much similarity between human actions and natural actions, there will always be a consistent response.
Explanation:
It could be said that in each of those questions that invite reasoning they have the same answer; that's the way it is forever ... When one undertakes a project like making or making a house, one has a clear objective to carry it out and that it remains firmly established for a long time or forever, of course if other external factors allow it.
Now, in processes as natural as in the growth of a river, it is expected that at any given time, whether due to winter, it will result in flooding, so we could say that any objective or subjective action always has a consequence.
Answer:
Yes
Explanation:
It is true that phases work the same in construction as they do in event management or software development because:
The constitution project phase defines and orchestrates the technical and methodical concept for the whole project including the design stage to the completion; It is a significant aspect to total completion and successful delivery of a construction project.
Typically, construction phases are commonly split into 4 vital phases including Planning, Preconstruction, Construction, and Close-out.
Hence, if a particular phase is missed or jumped over, there may be a problem, or the whole project will be jeopardized
