After you have read the assigned textbook chapter and after you have watched the video, The Need for Managerial Accounting Information and Classifying Costs for Decision-Making, enter this forum to participate in the discussion.
You will discuss how the firm you work for uses managerial accounting techniques to increase profits, e.g., developing cost factors, cost accounting, developing a cash budget, or using net present value in decision-making. Some students may not be directly involved in managerial accounting. If this is the case, then you may want to discuss this question with a chief financial officer and share the information with your classmates.
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