Cengage accounting chapter 1 homework answers
Question:
Where does most of the focus of managerial accounting go?
Answer:
Managerial accounting is the process of giving accounting information to people inside a company. In other words, management accounting helps the directors of a company make decisions. Cost accounting is another name for this. This is how to tell data apart, look at it, figure out what it means, and share it with your boss so that business goals can be met. The information gathered comes from all parts of accounting and teaches the management about business tasks that have to do with the costs and decisions of the organisation. Accountants use plans to figure out how the organisation runs its business as a whole.
