Managerial accounting places consider able weight on: a. generally accepted accounting principles. b. the financial history...

Managerial accounting places consider able weight on:

	a.	generally accepted accounting principles.
	b.	the financial history of the equity.
	c.	ensuring that all transactions are properly recorded.
	d.	detailed segment reports about departments, products, and customers.

Expert Solution

D.Detailed segment reports about departments, products, and customers.

Managerial accounting is for internal management ( those directly involved in managing and operating and organization)

Managerial accounting is used for internal business purposes. It includes lots of estimates and projections.

It is used by the people inside the company to make decisions about the direction of the company

Scope of managerial accounting focuses on the financial aspects of the organisation. This will include proper record keeping, balancing records and so much more.

Managerial accounting places emphasis on this.

1. Reports about departments are constantly being prepared

Eg: Activity overhead allocation

2. Products

Eg: Make buy decision/ Special order/ Break even analysis

3. Customers

Eg: Sales budget

The other three options places emphasis on financial accounting, which is for external users and prepared following standards laid out in GAAP ( Generally accepted accounting principles)

ekkarill92 answered 1 year ago

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