Answer
Managerial accounting focuses on planning, controlling, and decision making. These skills are useful in all areas of business. In marketing, planning is used to make decisions regarding how much money to spend on advertising. In human resources, controlling can be used to determine if employee retention rate goals are being met. In supply chain management, decision making can be used to decide whether or not an operation should be transferred overseas.
Work Step by Step
Managerial accounting focuses on planning, controlling, and decision making. These skills are useful in all areas of business. In marketing, planning is used to make decisions regarding how much money to spend on advertising. In human resources, controlling can be used to determine if employee retention rate goals are being met. In supply chain management, decision making can be used to decide whether or not an operation should be transferred overseas.
