Question

In: Accounting

19A. Which of the following is not a benefit of Managerial Accounting? A. Provides the cost...

19A. Which of the following is not a benefit of Managerial Accounting?

A. Provides the cost of manufacturing a product

B. Produces financial statements for external parties

C. Analyzes potential efficiencies from automation

D. Analyzes how many units need to be sold to cover expenses

19B

The type of Managerial Accounting that focuses on social and environmental impacts is known as:

A. Profitability

B. Sustainability

C. Solvency

D. Liquidity

Solutions

Expert Solution

19A)

Manegerial accounting is an method of accounting which provides the relevant information to the managers which is useful for the decision making. Managerial accounting focuses mainly on internal analysis of cost , products , profitability etc.Managerial accounting use information relating to the cost and sales revenue of goods and services generated by the company.

It analysis provides the cost of manufacturing a product ,it also analyse the  potential efficiencies from automation so as to have a better efficiency and decision making, and it also analyse the how many units need to be sold to cover expenses. However it does not involve the preparation of financial statement for the external parties but made for internal management.

The correct option is -----B i.e Produces financial statements for external parties

19B)

The type of Managerial Accounting that focuses on social and environmental impacts is known as sustainability. accounting. It involves the non financial considerations which are essential and create a good value in the eyes of society and investors and not only for profitability. It involve doing corporate social responsibility towards the society at large and various stakeholders.

Profitability, solvency and liquidity are all financial factors which focuses mainly on increasing the profitability and efficiency , increased valuation of the company as a whole.

Thus the correct option is -------B i.e Sustainability

ekkarill92 answered 1 year ago
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