When is it appropriate for a managerial accountant to use predications or estimates in their role? Provide examples.

The managerial accountant uses the results of financial operations to plan, control, and provide decision-making opportunities for senior management.

1. Describe each of these roles individually, using examples to illustrate what ‘planning’,      control, and decision-making mean.
2. When is it appropriate for a managerial accountant to use predications or estimates in their role? Provide examples.

Work will be a minimum of 300 words or 3 paragraphs