Chapter one managerial accounting notes
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Primary users of Managerial accounting
Purpose of managerial financial information
Plan, direct, control, decide
Primary accounting product
Primary managerial accounting product
Internal reports that are useful to management
Do primary managerial accounting products come out on a regular basis
T or F: GAAP determines what is included in a primary managerial accounting product
FALSE: Management defines what is included
The underlying basis of managerial accounting information
Internal and external transactions, focus on the future
Data must be _____ to be included in the reports.
C. B & C
(this multiple choice question has been scrambled)
segments of the business
Preparation of the primary managerial accounting product
depends on management needs
Verification of managerial accounting
What would you like to do?
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