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Why do you think it is important for a management accountant to be able to complete an evaluationof the firm that is separate from an evaluation of individual managers?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 4Q: Explain how managerial accountants help managers plan, control, and evaluate.

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Why do you think it is important for a management accountant to be able to complete an evaluation
of the firm that is separate from an evaluation of individual managers?

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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