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Which of the following best describes the function of managerial accounting within an organization? Multiple Choice It has it

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Answer #1

Answer: It has its primary emphasis on the future

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Note:

  • Managerial accounting is more concerned with timeliness than accuracy / Precision
  • Managerial accounting primarily focuses on the segments within the organization rather than the organization as a whole
  • Almost every company follows managerial accounting.
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