Question

Management accounting is concerned with accounting information which is useful to management explain

Answer 1

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Management accounting is concerned with accounting information which is useful to management due to entrepreneurs.

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Answer 2

Management accounting is concerned with accounting information which is useful to management explain.

Management accounting is concerned with accounting information because of the need for managerial accountants to analyze individual events and operational metrics in order to translate the data into useful information.

This type of analysis is extremely useful in the decision-making process regarding the company by the management of the company.

The main purpose of analyzing data by managerial accountants is to analyze the individual assets of the products, its operational activity, facility etc. by translating the data into useful information so that detailed information can be gathered in the operation of the company. That is why management accounting is concerned with writing information which proves to be extremely useful for the management.

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The function of management related to grouping activities to be carried out into department and creating management hierarchy is...

(a) Directing

(b) Organising

(c) Controlling

(d) Planning