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Discussion1 .docx - Summary: In the article, Conceptual...

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Summary:In the article,Conceptual Aspects on Managerial Accounting and its Influence onManagement,managerial accounting is defined, analyzed, and described as to why it is anintegrated component in the decision-making process (Ioan, 2017). This work aims to highlightthe influence of managerial accounting being considered as the basis on which the decision-making process is based by the management team, and the composition of costs plays a key rolein the decision-making decision making of the management team. The continuous collection andprocessing of economic information in general and those in accounting, have the role ofinfluencing significantly the strategic decision-making activity by the management team,processes that condition the optimization of the entity's activity. The importance of managerialaccounting is highlighted by the challenge that economic entities must respond to, to develop andsubstantiate optimal decisions and to know how to select new initiatives to reorient their ownactivities.
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