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ACC 206 Week 2 DQ2 The Role of Management Accounting: Planning, Strategy, and Decision-Making

A discussion on the role of management accounting in planning, strategy, and decision-making.

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    ACC 206 Week 2 DQ2 The Role of Management Accounting: Planning, Strategy, and Decision- Making ACC 206 Week 2 DQ2 Role of Management Accounting Review the roles of management accounting within a company. What is the most important role of management accounting? How is that different than financial accounting? Guided Response: Review your peer's responsees. Respond to at least two of your peers, adding at least two additional areas that management accountants focus on that the author didn't include. | think that the most important role of managerial accounting is planning. There is so much planning that is required in order to get a business going, and to keep it going successfully. A business may have big plans on how to change the company, but not have the funds to do it. That's the role of the managerial accountant; they know the financial side of the business. According to Principals of Accounting: Volume 11, "Some businesses refer to their managerial accounting units as departments of strategic finance. These departments are not only concerned with budgets and the like but also engage in activities such as monitoring and reporting on legislative compliance, environmental controls, tracking of hazardous svinnta affininnm ctndinn Anartinnalanginaaring sunlit asateal and on farth Aran ann cas the 1 Vv T= StudyXY

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