accounting types, 2. floral avenue is trying to determine if it has enough cash on hand for a down payment on a new van

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24-08-2022
Business

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accounting types, 2. floral avenue is trying to determine if it has enough cash on hand for a down payment on a new van

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harshsuts054 harshsuts054 · Answer 1 · 2022-08-27T11:42:43+02:00

Floral avenue trying to determine if it has enough cash on hand for a down payment on a new van will be Management accounting.

Managers use Management accounting data to inform their decisions. It is the main information source used to make decisions on how to distribute resources inside an organization. It offers data that managers may use to oversee internal operations, choose which items to sell, where to sell them, how to source them, and which managers to entrust with managing the company's resources.

Hence, the practice of measuring and disclosing data regarding economic activity within organizations is known as management accounting, and it is used by managers for operational control, performance assessment, and planning.

Learn more about Management accounting here

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