Managerial Accounting (15th Edition)

Published by McGraw-Hill Education
ISBN 10: 007802563X
ISBN 13: 978-0-07802-563-1

Chapter 1 - Managerial Accounting: An Overview - Questions - Page 19: 1-5

Answer

Managerial accounting focuses on planning, controlling, and decision making. These skills are useful in all areas of business. In marketing, planning is used to make decisions regarding how much money to spend on advertising. In human resources, controlling can be used to determine if employee retention rate goals are being met. In supply chain management, decision making can be used to decide whether or not an operation should be transferred overseas.

Work Step by Step

Managerial accounting focuses on planning, controlling, and decision making. These skills are useful in all areas of business. In marketing, planning is used to make decisions regarding how much money to spend on advertising. In human resources, controlling can be used to determine if employee retention rate goals are being met. In supply chain management, decision making can be used to decide whether or not an operation should be transferred overseas.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.