Based on what you have learned so far, what is managerial accounting? Why are companies focused...
Based on what you have learned so far, what is
managerial accounting?
Why are companies focused on their costing?
Answer the initial discussion in at least one paragrah
of 4-6 sentences. More is better.
Homework Answers
Management accounting is the application of the financial and costing information to arrange the resources for more profitable targets and make decisions for controlling the various function of the management for more and more productivity.
The companies use to focus on the costing for the better usage of the resources and higher profitability and growth of the organization. The optimization of the costing in the various fields of the management is essential so that the expenses are being controlled and prices can be made more and more competitive. Everything starts with cost or expenses and all costs are added to the prices which customer has to pay, so controlling the costs will enable the company to keep the prices of the products down.
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Based on what you have learned so far, what is
managerial accounting?
Why are companies focused...
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