Management accounting ensures communication of an organization's financial position to...

Question:

Management accounting ensures communication of an organization's financial position to investor's, banks, and regulators.

True

False

Managerial Accounting

Managerial Accounting is a branch of accounting which puts emphasis on providing essential reports to management in order to provide guidance on relevant business decisions. Some functions of a managerial accountant include forecasting sales, preparing budget reports and analyzing the rate of investment returns.

Answer and Explanation:

Answer: False

Explanation:

The answer is false as the scope of duty of a management accountant is to prepare reports or documents that are of...

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Managerial Accounting Functions

from Business Management: Help & Review

Chapter 9 / Lesson 1
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