Week 1 Managerial accounting

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

1. a. Managerial accounting is a field of accounting that provides economic information for all interested parties." Do you agree? Explain.

    b. Joe Delong believes that managerial accounting serves only manufacturing firms. Is Joe correct? Explain.

Aug 7th, 2015

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Q1. (a) “Managerial accounting is a field of accounting that provides economic information for all interested parties.” Do you agree? Explain.

Answer: No, I don’t. Managerial accounting provides economic and financial information for managers and other internal users but not for all interested parties.
 
(b) Joe Delong believes that managerial accounting serves only manufacturing firms. Is Joe correct?

Answer: No, he isn’t. Managerial accounting can be serves to all kind of business for making a decision, so it has not necessary to serve only manufacturing firms. 



Here is the complete answer! Please let me know if you need any clarification. Please best with a 5*. Thank you and Godbless!!!
Aug 7th, 2015

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