QUIZIZZ PART 1

Enumerate the Five (5) Functions of the Management

The field of accounting that creates an overlap between financial accounting and management accounting. It integrates with financial accounting by providing product costing information for financial statements, and with management accounting by providing some of the quantitative, cost-based information managers need to perform their functions.

It’s also an integral part of the management process since managerial accountants are important strategic partners in an organization’s management team. 

The field of accounting that develops information for external decision-makers such as stockholders, suppliers, banks, and government regulatory agencies.

Enumerate the Six (6) Objectives of Cost Management Systems (at least 3).