In a broad sense, management accounting can best be defined within the accounting system as A. Internal reporting that may be used in making non-routine decisions and in developing plans, and controlling functions. B. External reporting to government, various outside parties and shareholders C. Internal reporting for use in management planning and control focused on product costing function to satisfy external reporting requirement. D. Internal reporting for use in planning and controlling routine operations (Choose letter only)
In a broad sense, management accounting can best be defined within the accounting system as A. Internal reporting that may be used in making non-routine decisions and in developing plans, and controlling functions. B. External reporting to government, various outside parties and shareholders C. Internal reporting for use in management planning and control focused on product costing function to satisfy external reporting requirement. D. Internal reporting for use in planning and controlling routine operations (Choose letter only)
Chapter1: Accounting As A Tool For Managers
Section: Chapter Questions
Problem 1EA: Indicate whether each statement describes financial accounting or managerial accounting. The...
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In a broad sense,
A. Internal reporting that may be used in making non-routine decisions and in developing plans, and controlling functions.
B. External reporting to government, various outside parties and shareholders
C. Internal reporting for use in management planning and control focused on product costing function to satisfy external reporting requirement.
D. Internal reporting for use in planning and controlling routine operations
(Choose letter only)
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