Chapter 14 - 2/2/11 Chapter 14 Managerial Accounting...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 2/2/11 Chapter 14 Managerial Accounting Concepts & Principles 2/2/11 Managerial accounting provides financial and non-financial information for managers of an organization and other decision makers Financial accounting provides general purpose financial information to those who are outside the organization. Managerial and Financial C 1 2/2/11 Financial Accounting Managerial Accounting 1. Users and Investors, creditors and Managers, employees and decision makers other external users other internal users 2. Purpose of Making investment, credit Planning and information and other decisions control decisions 3. Flexibility Structured and often Relatively flexible of practice controlled by GAAP (no GAAP constraints) 4. Timeliness of Often available only Available quickly w ithout information after audit is complete need to w ait for audit 5. Time dimension Historical information Many projections w ith some predictions and estimates 6. Focus of Emphasis on Projects, processes and...
View Full Document

This note was uploaded on 02/01/2011 for the course ACCT 203 taught by Professor Hylton during the Fall '08 term at George Mason.

Page1 / 10

Chapter 14 - 2/2/11 Chapter 14 Managerial Accounting...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online