Asked by Mohamad Arshil Vahora on May 26, 2024
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What is managerial accounting and how is it used to aid decision makers?
Managerial Accounting
A branch of accounting focused on providing financial information within a company to assist in decision-making, planning, and control.
Decision Makers
Individuals or entities that have the authority to make choices or form policies within organizations, significantly impacting its direction and operations.
- Define and explain the role of managerial accounting in decision-making.
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Learning Objectives
- Define and explain the role of managerial accounting in decision-making.
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