SHORT ANSWER Why is it important that a small business manager understand accounting if the company has a trained accountant on its staff? From another perspective, why is it valuable that you as a student understand accounting if you don't plan to be an accountan

SHORT ANSWER Why is it important that a small business manager understand accounting if the company has a trained accountant on its staff? From another perspective, why is it valuable that you as a student understand accounting if you don't plan to be an accountan

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter1: Role Of Accounting In Society

Section: Chapter Questions

Problem 4MC: Which of the following groups would have access to managerial accounting information? A. bankers B....

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Why is it important that a small business manager understand accounting if the company has a trained accountant on its staff? From another perspective, why is it valuable that you as a student understand accounting if you don't plan to be an accountan

Definition Definition Process by which financial information is analyzed, interpreted, and communicated to managers to support the achievement of an organization's goals. The main objective of managerial accounting is to maximize profits and minimize losses.

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