The standards of ethical conduct for managerial accountants include:
A. caring for others, intuition, and respect for others.
B. pursuit of excellence, credibility, and immediacy.
C. confidentiality, confidence, integrity, and observance.
D. competence, confidentiality, integrity, and credibility.
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What is the importance of managerial accounting?
The main objective of managerial accounting is to maximize profit and minimize losses. It is concerned with the presentation of data to predict inconsistencies in finances that help managers make important decisions. Its scope is quite vast and includes several business operations.
Which of the following are characteristics of managerial accounting information?
Management accounting information should comply with a various number of characteristics including verifiability, objectivity, timeliness, comparability, reliability, understandability and relevance if it is to be useful in planning, control and decision-making.
Which of the following areas of accounting has a managerial focus?
4. Managerial Accounting. Also known as management accounting, this type of accounting provides data about a company's operations to managers. The focus of managerial accounting is to provide data.
Who uses managerial accounting?
Managerial accounting. focuses on internal users—executives, product managers, sales managers, and any other personnel within the organization who use accounting information to make important decisions.