Final answer:
Functional and Division managers need accounting information to make informed decisions and effectively manage their respective areas within a firm.
Step-by-step explanation:
Functional and Division managers need accounting information to make informed decisions and effectively manage their respective areas within a firm.
Functional managers such as the marketing manager or operations manager, need accounting information to assess the financial performance of their department and evaluate the profitability of different projects or initiatives.
Division managers, on the other hand, use accounting information to monitor the financial health and performance of their division. They may use this information to make resource allocation decisions set budgetary targets, and evaluate the division's contribution to the overall profitability of the firm.