Managerial Accounting Basics.
1. Managerial accounting, also called management accounting, is a field of
accounting that provides economic and financial information for managers and
other internal users.
2. Managerial accounti
Principles of Managerial Accounting
Exam 1 Review Sheet
Chapters 13, 1, 2, 3
Make sure that you are comfortable with all the homework exercises and problems assigned for these
chapters and worked in class. Any of those types of exercises/problems
Cost Accounting Systems.
1. Cost accounting involves the measuring, recording, and reporting of product
costs. From the data accumulated, companies determine both the total cost
and the unit cost of each product.
2. A cost acc
Process Cost Systems - a cost accounting system where costs are tracked
through a series of connected manufacturing processes or departments, rather
than by individual jobs as in a job order cost system.
1. Typically it is use
STATEMENT OF CASH FLOWS
Usefulness of the Statement of Cash Flows.
1. The statement of cash flows reports the cash receipts, cash payments, and net
change in cash resulting from operating, investing, and financing activities during