Identify the use of accounting information.

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Chapter 1, Problem 7MCQ

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Identify the use of accounting information.

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Managerial accountants:a. rarely become involved in an organization's decision-making activities. b. make decisions that focus solely on an organization's accounting matters. c. collect data and provide information so that decisions can be made. d. often serve as a cross-functional team member, making a wide range of decisions. e. become involved in activities "C" and "D."

What statement about management accounting is FALSE? O A Management accounting helps managers fulfill organizational objectives. Management accounting is the process of identifying, measuring, B) accumulating, analyzing, preparing, interpreting and communicating information. C Management accounting is used by managerial accountants to make strategic and operational decisions. OD) Management accounting produces information for managers in an organization.

Who are the primary users of a company's management accounting information? A its customers to understand the pricing of the product. B its creditors to understand the credibility of the business. C its employees to plan and control operations. D its investors to make their investment decisions.