The Role of Managerial Accounting Information in Assisting Management Is

question 60

Multiple Choice

The role of managerial accounting information in assisting management is a(n) :

• A) financial-directing role.
• B) attention-directing role.
• C) planning and controlling role.
• D) organizational role.
• E) problem-solving role.

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Definitions:

Return on Assets

A financial ratio that indicates the profitability of a company in relation to its total assets.

Return on Assets

Return on assets (ROA) is a financial ratio that indicates how profitable a company is relative to its total assets, calculated by dividing net income by total assets.

Multiple Step Income Statement

An income statement that separates operational revenues and expenses from non-operational ones to calculate net income.

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries have been made, used to prepare financial statements.