What three guidelines help management accountants provide the most value to managers?
A.
(1) Understand the organization structure, (2) Employ a cost-benefit approach, and (3) Maintain integrity and credibility in every aspect of the job
B.
(1) Decision-making, (2) Planning, and (3) Control
C.
(1) Employ a cost-benefit approach, (2) Recognize behavioural and technical considerations, and (3) Identifying relevance and that decisions require "different costs for different purposes"
D.
(1) Planning, (2) Control, and (3) Performance evaluation and learning
C.
(1) Employ a cost-benefit approach, (2) Recognize behavioural and technical considerations, and (3) Identifying relevance and that decisions require "different costs for different purposes"
Explanation:
Managers should spend on certain resources only if the expected benefits exceed the costs. The managers often rely on the management accounting information to obatin these costs and benefits.
Technical considerations help managers make wise economic decisions by providing desired information in an appropriate format and at the preferred frequency.
Managers use alternative ways to compute costs in different decision-making situations because there are different costs for different purposes. A cost concept used for the purposes of external reporting may not be appropriate for internal, routine reporting and vice versa.
What three guidelines help management accountants provide the most value to managers? A. (1) Understand the...
A number of terms are provided. timely management accounting ethical guidelines cost-benefit technical control value chain reliable corporate social responsibility strategy Use the terms from the list to complete the following sentences: 1. Management of activities, businesses, or functional areas, which managers oversee and coordinate within the organization, requires _______ and ______ information. 2. The _______ considerations help managers make wise economic decisions by providing them with the desired information in an appropriate format and at the preferred frequency. 3....
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