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 Glencoe Accounting: First Year Course1st EditionGlencoe McGraw-Hill 548 solutions Financial Accounting4th EditionDon Herrmann, J. David Spiceland, Wayne Thomas 1,097 solutions Intermediate Accounting9th EditionJames F. Sepe, J. David Spiceland, Mark W. Nelson, Wayne Thomas 2,038 solutions Accounting: What the Numbers Mean10th EditionDavid H Marshall, Wayne W McManus 772 solutions What is the role of management accountants?A Management accountant works within a business to prepare and present financial reports to senior management teams in order to give an insight into business performance. The reports are used to aid with business strategy and also in decision making within the business, to ensure growth and profitability.
What is included in managerial accounting?Managerial accounting is the process of “identification, measurement, analysis, and interpretation of accounting information” that helps business leaders make sound financial decisions and efficiently manage their daily operations, according to the Corporate Finance Institute.
What is an example of managerial accounting?Finally, managerial accounting information often takes the form of nonfinancial measures. For example, Sportswear Company might measure the percentage of defective products produced or the percentage of on-time deliveries to customers. This kind of nonfinancial information comes from the managerial accounting function.
How is managerial accounting used in a company?Managerial accounting can be used in short-term and long-term decisions involving the financial health of a company. Managerial accounting helps managers make operational decisions–intended to help increase the company's operational efficiency–which also helps in making long-term investment decisions.
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Which of the following might you find in a job description for a managerial accountant in a manufacturing company?
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