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Accounting: Users of managerial and financial accounting

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Who are the users of managerial and financial accounting, and what kind of business decisions would they make with this information?

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This solution discusses the users of managerial and financial accounting.

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The users of managerial accounting are the managers. Managers need financial and non-financial information to develop and implement strategy by planning for the future (budgeting); making decisions about products, services, prices and what costs to incur (decision-making using cost information); and ensuring that plans are put into ...

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