Question

define management user of accounting information? ​

Answer 1

Answer:

Management requires accounting information to monitor the performance of business by comparison against past performance, competitor analysis, key performance indicators and industry benchmarks. Managers rely on accounting data to form their business decisions such as investment, financing and pricing decisions.

Explanation:

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Answer 2

Answer:

Managers rely on accounting data to form their business decisions such as investment, financing and pricing decisions. In case of investment decisions for example, managers would require the return on investment calculation of a proposed project supported by reliable estimates of the costs and revenues.

Explanation:

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