Managerial accounting encompasses the design of the organization's bookkeeping system.

Name: Managerial accounting encompasses the design of the organization's bookkeeping system.
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Managerial accounting is concerned with providing information to managers for decision-making purposes. The design of the organization's bookkeeping system is a part of financial accounting, which is concerned with providing information to external users such as investors and creditors.

Managerial Accounting Encompasses the Design of the Organization's Bookkeeping System