The collection and use of information for the purpose of helping managers guide the operation of the business intelligently and making good management decisions that are consistent with the needs, objectives, and goals of the company are referred to as managerial accounting.

Question

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Managerial accounting involves the collection, analysis, and use of financial and non-financial information to help managers make informed decisions that align with the organization's objectives, goals, and operational needs.

The Collection and Use of Information for the Purpose of Helping