WK1-DQ3 (2).docx - WK1 DQ3 In week 1, we understood the...

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WK1 DQ3In week 1, we understood the basic concepts under Managerial Accounting. Principle, nature,purpose and issues of managerial accounting, cycle time and cycle efficiency, cost accountingsystem, job costing are the major concepts we covered. The application of the learned outcomesin Management and Decision Making is what I have decided to discuss in this assignment.Learning Outcomes as Applied to Leadership, Management and Decision MakingManagement accounting provide us with the tools and instruments for cost estimation, allocation(like job order, process costing), which help us to define the real cost of our products/services.And having this premises, it is easier to take further decision. Managerial Accounting equips amanager with both the financial and non-financial information to make decisions within anorganization. It assists manager through three activities;Determination of the cost of the products and services of the organization,Plans regarding future courses of action and

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Term
Spring
Professor
Lavelle Lemonier

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