Managerial Accounting – Short Answer

Practice Question

Intro to Managerial Accounting
Managerial Accounting
Short Answer

Identify one key role of managerial accounting within an organization.

Answer +
Correct Answer: To assist management in decision-making by providing relevant and timely information to internal users.
Explanation +

One key role of managerial accounting is to assist management in decision-making by providing relevant and timely information to internal users (Page 51).