
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Much of managerial accounting information is based on:
a, cost-benefit analysis
b. profit maximization
c. the generation of external information
d. effectiveness but not efficiency
e. cost minimization
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- Define the difference in managerial accounting from financial accounting. Plus give an examplearrow_forwardThe term strategic management accounting involves: Select one: O A. The identification, measurement and communication of cost data in all those situations where the organisation is being judged against the performance of competitors OB. The identification of inefficient internal operations O C. The preparation of historic financial accounts O D. a) and b) abovearrow_forwardManagerial decision making in accounting requires careful analysis of quantitative data on areas such as relevant and irrelevant costs. However, qualitative factors also play a role in making such decisions. For this forum, identify some qualitative factors that should be considered when making managerial decisions. Explain why and how these qualitative factors impact the managerial decision making process.arrow_forward
- please answer in detail, with three examplearrow_forwardWhich of the following statements about responsibility accounting are correct? Select one: a. Responsibility accounting systems differ widely across organizations. b. The structure for accumulating cost information generally mirrors the structure for accumulating responsibility center information. c. Responsibility accounting is the primary responsibility of accounting staff.arrow_forward
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