wk1 DQ1.docx - Management accounting or managerial accounting is also known as cost accounting It is the process of identifying measuring analyzing

wk1 DQ1.docx - Management accounting or managerial...

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Management accounting or managerial accounting is also known as cost accounting. It is the process of identifying, measuring, analyzing, interpreting, and communicating information. The major difference between managerial accounting and financial accounting is managerial accounting information is aimed at helping managers within the organization to make decisions while financial accounting is aimed at providing information to parties outside the organization. (Wild & Shaw) Financial accounting records past data which is already happened while managerial accounting based on the future. It also provides financial and nonfinancial information to an organization’s managers.it helps to a pursuit of an organization's goals for managers. The main aim of management accounting is to provide useful information to managers. It helps managers with three keys. i) determining the cost of an organization’s product and services, ii) planning future activities, iii) comparing actual results to planned results. For example, managerial accounting information can help the marketing
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  • Spring '18
  • professor newerze
  • Management, Malik, Turan

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