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Chapter 1: Introduction to Managerial Accounting




Question;1.1-1 Controlling;means overseeing the company?s day-to-day operations.;1.1-2 Managerial accounting gathers;summarizes, and reports the cost and revenue data relevant to each decision that is made.;1.1-3 Evaluating the results of business;operations against a plan and then making adjustments to that plan is called budgeting.;1.1-4 The;four primary responsibilities of managers are planning, directing, controlling;and decision making.;1.1-5;Managerial accounting develops;reports that help internal parties effectively and efficiently run;the;company.;1.1-6;Directing means setting goals and objectives for the;company and determining how to achieve them.;1.1-7;Budgets;are the quantitative expression of management?s plans.


Paper#54933 | Written in 18-Jul-2015

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