Thought Provokers

$1.$ Table $1\mathrm{.}3$ Relating Managerial Accounting Functions to Various Business Majors shows how different areas within the business world use the information from managerial accountants. Think of the ways that the events coordinator for the United Way $($a nonprofit charitable organization$)$ would use each area $($planning$,$ controlling, and evaluation$)$

Table $1\mathrm{.}3$ Relating Managerial Accounting Functions to Various Business Majors

Solution

Include two examples for each of the following.

An events coordinator for the United Way could use accounting to help plan their work by:

How much was spent last year on this event?

An events coordinator for the United Way could use accounting to help control their work by:

An events coordinator for the United Way could use accounting to help evaluate their work by: