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    Katrina Paquiz
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    Management accounting provides managers with financial information and resources to aid in decision making. It differs from financial accounting in that it is only used internally. Management accounting uses data on purchase prices and frequently utilizes budgets to quantify operational planning choices. A controller is often used when a business has multiple facilities and would oversee accounting at their specific location.

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    Management accounting provides managers with financial information and resources to aid in decision making. It differs from financial accounting in that it is only used internally. Management accounting uses data on purchase prices and frequently utilizes budgets to quantify operational planning choices. A controller is often used when a business has multiple facilities and would oversee accounting at their specific location.

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    6 views1 page

    Guide Questions

    Uploaded by

    Katrina Paquiz
    Management accounting provides managers with financial information and resources to aid in decision making. It differs from financial accounting in that it is only used internally. Management accounting uses data on purchase prices and frequently utilizes budgets to quantify operational planning choices. A controller is often used when a business has multiple facilities and would oversee accounting at their specific location.

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    © All Rights Reserved
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    Guide question 1

    Management accounting may be described as the practice of giving managers financial resources and
    information to aid in decision-making. The only way management accounting differs from financial
    accounting is that it is solely used by the internal staff of the firm.

    It makes use of data on the prices of the goods and services the company has purchased. Budgets are
    frequently utilized to put the choices made during operational planning into numbers.

    Controller
    When a business has numerous facilities or locations, this type of employment is frequently
    used. Normally, a controller would be in charge of all accounting operations carried out at his or
    her facility.
    Treasurer
     tax manager

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