Question

How do management accountants help managers make business decisions?
A. Management accountants prepare local, state, and federal income
tax returns.
B. Management accountants make sure accounts are paid on time.

C. Management accountants provide accurate financial data and
analyze the data to make predictions.

D. Management accountants ensure that everyone pays their taxes.

Answer 1

Answer:

C. Management accountants provide accurate financial data and

analyze the data to make predictions.

Explanation:

Management accounting is an accounting arm that focuses on the accurate organization, analysis, presentation, and interpretation of a company's financial data for use by the management.  The information generated by management accounting is for internal use. It aids the top management team in its decision-making process.

Management accountants analyze and make recommendations on the business's operational aspects, such as costs of products and services purchased, product pricing, budget variances, margin analysis, market trends, and forecast.