Define how managerial accounting differs from financial accounting. list the possible users of managerial and financial accounting information and explain how each user can benefit from such information
Costs can be classified into 5 categories-behavior, traceability, controllability, relevance, and function. Briefly explain each category and and provide a specific example. (Watch
Accounting 2 – ACCT 122 – Program #223 – Managerial Accounting Concepts(opens in a new tab)
and
Accounting 2 – ACCT 122 – Program #224 – Managerial Accounting Concepts – Continued) (opens in a new tab)
before completing this assignment.
Illustrate how managerial accounting information assists managers in performing the roles of planning, directing, and controlling by providing an example of each.
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