Ac222 final exam 2023 - Study guides, Class notes & Summaries

AC222 Final Exam 2023 Managers' Three Primary Responsibilities - planning, directing, controlling Planning - setting goals and deciding how to achieve them Directing - overseeing the company's day-to-day operations Controlling - Evaluating results of business operations and making adjustments as needed Underlying basis of information in managerial accounting vs financial accounting - Financial accounting is always based on past transactions with external parties info, while manageria...

AC222 Final Exam 2023 Managers' Three Primary Responsibilities - planning, directing, controlling Planning - setting goals and deciding how to achieve them Directing - overseeing the company's day-to-day operations Controlling - Evaluating results of business operations and making adjustments as needed Underlying basis of information in managerial accounting vs financial accounting - Financial accounting is always based on past transactions with external parties info, while manageria...