Reference no: EM133010845

Problem 1: Describe areas of focus in contemporary managerial accounting.

Select all that apply.

A. Controlling means evaluating the results of business operations against the plan and making adjustments to keep the company pressing toward its goals.

B. Management engages in decision making while it? plans, directs, and controls operations.

C. Directing means overseeing the? company's day-to-day operations.

D. Controlling? production, plant operating? costs, and product sales mix

E. Planning involves setting goals and objectives for the company and determining how to achieve them.

F. Establishing managerial accounting systems and implementing IFRS Standards

G. Developing? principles, standards, and codes of ethics to help management

H. Implementing Extensible Business Reporting Language? (XBRL) for the organization