Question

LO 1.1Management accountants help the management of an organization in their planning function through ________.

monitoring anti-theft systems
strategic planning
evaluating costs
analyzing profits

Answer 1

strategic planning

Step-by-step explanation:

Since managerial accounting is not focused on certain standards (IFRS), it has the sole purpose of helping management to further improve the financial position of the company. Through strategic planning and assessment, the managerial accountants generate reports that are crucial in determining the benefits and disadvantages in current planning.