Managerial Accounting

question 114

Multiple Choice

Managerial accounting

• A)is primarily directed at external users of accounting information.
• B)is required by taxing authorities such as the IRS.
• C)must follow GAAP.
• D)focuses on future performance.

Recognize the significance of nurse’s involvement in policy-making and legislation.

Understand the concept of professional accountability and autonomy in nursing.

Identify various career paths and specializations within the nursing profession.

Recognize the importance of teamwork, collaboration, and interprofessional communication in nursing.

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Definitions:

Profitability Ratios

Ratios that measure the amount of operating income or net income an organization is able to generate relative to its assets, owners’ equity, and sales.

Return On Equity

Net income divided by owners’ equity; also called return on investment (ROI).