Asked by
Tyler Marquez
on Nov 17, 2024
Verified
Managerial accounting uses only past data in reports to aid management in the decision-making process.
Past Data
Historical information or records that are used as a reference or guide for decision-making, planning, and forecasting in business or research.
- Determine the attributes and goals of managerial accounting.
- Distinguish between historical and projected/estimated data usage in managerial reports.
Verified Answer
DS
Learning Objectives
- Determine the attributes and goals of managerial accounting.
- Distinguish between historical and projected/estimated data usage in managerial reports.
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