Marissa is preparing a cash budget for the Chief Financial Officer. What is this an example of?

Question

Business

Kiersten Arias

5 June, 10:57

Marissa is preparing a cash budget for the Chief Financial Officer. What is this an example of?

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Answers (1)

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Albert Bird · Answer 1

Managerial accounting

Explanation:

Managerial accounting refers to the process to classify, calculate, assess, analyze, and convey financial data to executives to achieve the objectives of a company. It differs from financial reporting since the primary objective of managerial accounting is to support people in creating well-organized business decisions within the corporation.

Managerial accounting includes several aspects of accounting designed to improve the standard of the education given to administration regarding indicators of the commercial business. Management accountants utilize details about both the expense and sales income of the firm's produced products and services.