Managerial accounting information is not just for accountants.All areas within an organization can use the information to support decision-making.For each of the following positions, list three decisions the manager might have to make and give an example of a report that would help the manager in the decision-making process.
a.Human resources manager
b.Purchasing manager
c.Engineering department

Question

Quizplus · Accepted Answer

Managerial accounting information can be useful for decision-making in various areas of an organization, not just accounting. Human resources managers may need to make decisions regarding employee compensation, training and development, and staffing levels. Reports such as a budgeted vs. actual payroll report, a training cost analysis report, and a staffing forecast report can help the human resources manager make informed decisions in these areas.

Managerial Accounting Information Is Not Just for Accountants