Managerial Accounting AAC-650 Topic 1 DQ 1
Using the GCU Library, locate a journal article about how managerial accounting helps businesses make decisions. In the subject line of your post, include the name of the article you read. Then, in your initial post, provide a link to the article and a summary followed by your reaction to the article. The summary should be approximately 250 words and the reaction should be approximately 150 words. The summary should describe the major points of the article, while the reaction should demonstrate your interpretation of the article and how you can apply that knowledge. Do not choose an article that one of your classmates has already posted.
To participate in follow-up discussion, choose one of the articles that a classmate has posted and provide your own reaction to it. Note: It may be challenging to find a relevant article if you do not use the library. Please include proper citations in your discussion post. Points will be deducted if proper citations are not used.
Solution
The article by Casas-Arce et al. (2022) explains how managerial accounting helps businesses make better decisions and plan for the future. It shows that tools like budgets, cost analysis, and performance reports are very useful for managers when they need to plan activities, control spending, and measure progress toward their goals. The authors also discuss how businesses can use financial data not only to see what happened in the past but to make predictions about the future.
One of the key points in the article is the idea of “predictive accounting.” This means businesses look at patterns in past data to guess what could happen next. For example, companies can create different business scenarios to decide what actions to take if market conditions change. The article also points out…..Please click on the Icon below to purchase the FULL ANSWER at only $5
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