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select one of the following types of businesses: Custom home builder Auto repair shop Accounting firm...

select one of the following types of businesses:

  • Custom home builder
  • Auto repair shop
  • Accounting firm
  • Lawn service company
  • Television show production

Describe how your chosen business might use Managerial Accounting to support internal AND external Stakeholders.

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Answer #1

I am going with accounting firm,

However whatever may be the type of business the use of managerial Accounting is the same.

The collected from the accounts department by the management is used to conduct various analysis and examinations on how about the performance of the firm, thereafter satisfaction of stakeholders is measured in terms of accounting figures and as a result the management will be known about the current situation in the firm.

The next step is to plan what can be done to further support internal and external stakeholders among other things, and proceed to draft the plans accordingly and implement.

Am thinking of an example but the question is not giving a clarification to me on how to go about with the same.

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