Question

What six topics do managerial accountants discuss?

a) Budgeting, financial reporting, cost accounting, internal controls, decision analysis, performance evaluation
b) Marketing, human resources, operations, finance, strategy, ethics
c) Macroenvironmental analysis, organizational structure, leadership styles, technology trends, legal considerations, corporate social responsibility
d) Customer satisfaction, product development, market segmentation, competitive analysis, branding, advertising

Answer 1

The six topics that managerial accountants discuss are budgeting, financial reporting, cost accounting, internal controls, decision analysis, and performance evaluation. Correct option is a)

Step-by-step explanation:

The six topics that managerial accountants discuss are:

1. Budgeting: This involves creating a financial plan for an organization, including setting goals and allocating resources.
2. Financial reporting: This includes preparing and analyzing financial statements to provide information to stakeholders.
3. Cost accounting: This involves determining the cost of producing goods or providing services and analyzing cost behavior.
4. Internal controls: This refers to the systems and processes put in place to safeguard assets and ensure accurate financial reporting.
5. Decision analysis: This entails using financial and non-financial information to make informed business decisions.
6. Performance evaluation: This involves assessing the performance of individuals, departments, or the entire organization against established goals and benchmarks.