A thorough understanding of managerial accounting is essential to be an effective manager.

Name: A thorough understanding of managerial accounting is essential to be an effective manager.
Brand: Quizplus
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Managerial accounting provides important information for decision making, budgeting, forecasting, and performance evaluation. Without a good understanding of managerial accounting, a manager may struggle to make informed decisions and effectively manage the financial aspects of a business.

A Thorough Understanding of Managerial Accounting Is Essential to Be