Managerial accounting is used by managers to
A)plan
B)evaluate
C)control
D)plan,evaluate,and control

Question

Quizplus · Accepted Answer

Managerial accounting is used by managers to plan, evaluate, and control their organization's financial resources. Planning involves setting objectives and identifying the actions necessary to achieve those objectives. Evaluation involves comparing actual results to planned results and determining the reasons for any differences. Control involves taking corrective action as necessary to ensure that objectives are met. Therefore, all three options (plan, evaluate, and control) are important uses of managerial accounting for managers.

Managerial Accounting Is Used by Managers to