What Is Managerial Accounting?
Warning, This is a study guide not a cheat sheet. With accounting and decision making, there are management accountants and financial accountants. These two groups exist to make an informed decision with the accounting information available geared towards the good of the company. Because accountants play such a vital role in the production stage measuring costs and budgets, most employers require a Bachelor's of Business or an MBA.
Financial accountants are part of the branch of accounting that develops information for external decision makers such as stockbrokers, suppliers, banks, and government regulatory agencies. Management accounting is the process of identification, measurement, accumulation, analysis, preparation, interpretation, and communication of financial information used by management to plan, evaluate, and control within an organization and to assure appropriate use of and accountability for its resources.This is a study guide not a cheat sheet.
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