Manegirial Accounting Notes

Manegirial Accounting Notes - compare the result with the...

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Notes 01-13-2009 - The information in managerial accounting is used for internal purposes. The information in financial is used for stockholders. - Company Value Chain (KNOW THIS TERM) - There is not set of standards like financial. - Three key words in managerial accounting: planning (budgets and assigning decision making authority), control (look at decisions and its results of those decisions and
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Unformatted text preview: compare the result with the budget), evaluat e the decisions and reward or revise if needed-In managerial we don’t sell finished goods, we make them first. Consider things like raw materials, direct labor and overhead (all of those other costs, like utilities, depreciation & supervisory salaries)....
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