Problem: Many decisions are based on financial accounting information. Although accounting information can be used to answer questions about what happened in the past, it can also be used to help make decisions about the future.
1. Do managers really need all the kinds of information discussed in this chapter? If not, which kinds can they do without?
2. What do you feel is the most important thing about management and accounting that you learned from this chapter to apply to your future managerial or entrepreneurial position? Feel free to name more than one.
YouTube Video: CPA The Role of Management Accountants