A managerial accountant 1.does not participate in the standard setting process.
2.provides knowledge of cost behaviours in the standard setting process
3.provides input of histarical costs to the standard setting process.
A)1
B)2
C)3
D)2 and 3

Question

A managerial accountant 1.does not participate in the standard setting process.
2.provides knowledge of cost behaviours in the standard setting process 
3.provides input of histarical costs to the standard setting process.
A)1
B)2
C)3
D)2 and 3

Quizplus · Accepted Answer

A managerial accountant is responsible for planning, controlling, and making decisions related to the financial activities of an organization. This involves analyzing financial data and presenting it to management to help them make informed decisions. Therefore, the skills required for a managerial accountant include both financial and managerial skills, as they need to understand both finance and management principles. Option 2 and 3 therefore are the best choice.

A Managerial Accountant 1