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24 December, 22:40

Providing an analysis for a company regarding adding a particular product line, retracting sales markets, or dealing with risks or opportunities are some of the responsibilities of managerial accountants. 1. True2. False.

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  1. 24 December, 22:50
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    True

    Explanation:

    While the financial accountant's function is to provide information for the external stakeholders' use, the managerial accountant collects and analyse information for internal management for the purpose of decision making, future investment and also profitability improvement of operations.

    He also look into the efficiency of existing systems and control and advise on ways for improvement concerning under-performing areas.
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