(Solved) Managerial accountants fulfill three primary responsibilities: planning, directing and controlling.

Managerial accountants fulfill three primary responsibilities: planning, directing and controlling. Review each of the following tasks that managerial accountants complete in their role as a managerial accountant:

(a)The manager at the Pet Store holds a meeting with staff to set goals and to ask the employees how to achieve the goals.
(b)The manager at the Home Goods Store realized that the actual sales are lower than planned and the manager schedules a meeting to revise plans or adjust the operations.
(c) The local manager at the Halloween Store uses product sales data to determine which costumes generate the most sales and then he or she can use that information to establish seasonal marketing strategies.
(d)The manager at the Children's Hospital translates plans into budgets because he or she wants to see the quantitative expression of the plan.
(e)A manager decides to increase local advertising at the Children's Toy Store.

In the space provided below, indicate whether the task is [1] planning; [2] directing; or, [3] controlling.
Planning
Directing
Controlling

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Managerial accountants fulfill three primary responsibilities: planning, directing and controlling.

Managerial Accounting

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