Which phrase best describes the current role of the managerial accountant? Managerial accountants prepare the financial statements for an organization. а. b. Managerial accountants facilitate the decision-making process within an organization. с. Managerial accountants make the key decisions within an organization. d. Managerial accountants are primarily information collectors. е. Managerial Accountants are solely staff advisors in an organization

Which phrase best describes the current role of the managerial accountant? Managerial accountants prepare the financial statements for an organization. а. b. Managerial accountants facilitate the decision-making process within an organization. с. Managerial accountants make the key decisions within an organization. d. Managerial accountants are primarily information collectors. е. Managerial Accountants are solely staff advisors in an organization

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 5EA: Taylor Speedy has prepared the following list of statements about managerial accounting, financial...

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Similar questions

Who are the primary users of the information gathered by managerial accountants?
Should a managerial accounting system provide both financial and nonfinancial information? Explain.
An effective managerial accounting system should track information about an organizations activities in which of the following areas? a. Development b. Marketing c. Production d. Design e. All of these.
Explain how managerial accountants help managers plan, control, and evaluate.
Managerial accounting produces information: to meet the needs of external users that is often focused on the future to meet the needs of investors that follows the rules of GAAP
In centralized organizations, primary decisions are made by __________. A. an individual at the top of the organization B. various managers throughout the organization C. outside consultants D. low-level management
All of the following are examples of managerial accounting activities except ________. A. preparing external financial statements in compliance with GAAP B. deciding whether or not to use automation C. making equipment repair or replacement decisions D. deciding whether or not to use automation
Which of the following groups would have access to managerial accounting information? A. bankers B. investors C. competitors of the business D. managers
Briefly discuss the chain of command for someone being hired into an organization as a staff managerial accountant.
There are individuals who are under the impression that managerial accounting provides services mainly for manufacturing organizations. Are they correct? Explain.
Briefly explain the practice of enterprise risk management and the role that can be played by managerial accountants in enterprise risk management.
Which of the following does not describe a management control system? A. establishes a companys strategic goals B. implements a companys strategic goals C. monitors a companys strategic goals D. a system that only measures profitability