Question & Answer: Which of the following functions is managerial accounting intended to facilitate?…..

Which of the following functions is managerial accounting intended to facilitate?

Select one:

a. Planning

b. Decision making

c. Compliance with Generally Accepted Accounting Principles (GAAP)

d. a and b

e. b and c

f. a and c

g. All of these

Expert Answer

 

Decision Making is function of managerial accounting is primarily intended to facilitate.

Decision Making is the single factor which makes management accounting a necessary element.

Management accounting information always serves two functions:

  1. Decision influencing Function
  2. Decision facilitating function

Generally, information is supplied to assist that manager in choosing the alternative. Information is often intended to influence management decision

Ans b

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