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Title: Managerial Accounting

Essay Details

Subject: Business
Author: Troy C
Date: August 23, 2014
Level: University
Grade: A
Length: 12 / 3355
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

Managers are responsible for making proper decisions to allow the company to be profitable. To ensure profitability and success, managers should utilize the functions of managerial accounting to assist in the decision making process. Managerial accounting is the process of identifying, measuring, analyzing and communicating financial information needed by management to plan, evaluate and control an organization’s operations (“Statements”)...

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It’s the manager’s responsibility to the owner to ensure that the company is successful. Through managerial accounting, managers are provided information for internal planning and control to assist in leading the company. Good managerial accounting is vital to understanding the profitability of day to day activities and in predicting profitability in the future...

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