please explain this to me
'managerial accounting gives you a foundation needed to understand, analyze and
evaluate a company's performance.'
As a company manager as well as an external user of financial information, certain tools are important. such as
cost analysis models
budgets-operations and flexible
financial statement tools - financial ratios and trend analysis
1.Please based on professional goals, which of these three tools will be of greatest benefit to to a manufacturing company?
2.kindly help me to explain Why?
3.please help me to be specific.