Lo 1.1explain how managerial accountants managers plan, control, and evaluate.

Explanation:

Managerial accountants in integration with managers play a relevant role in the organizational decision making process.

This is because managerial accountants provide decision support reports at each stage of the process, so that risks are minimized and structured processes optimized.

Managerial accounting provides possibilities for planning, controlling and valuing. The tools help with the ability to measure prior periods to optimize projected performance and financial impacts added to decisions. It is also possible to set standards that assist in investigating errors and failures at some stage of the process and solving problems.

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