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  ellaabrown

  Managerial Accounting, also known as Management accounting, is a division of accounting that involves recognition, quantification, analysis, and interpretation of accounting data in order to use the information to help managers make necessary decisions to efficiently manage a firm’s operations. Managerial accounting collects data of both, financial accounting as well as cost accounting. The major objective of Managerial Accounting is to provide necessary information to the management that facilitates them in the process of planning, controlling, evaluation of performance, and decision-making. Managerial accounting makes use of both quantitative and qualitative data- it also uses the data that cannot be measured in monetary terms. The success of managerial accounting is dependent on a solid financial and cost accounting system. The main purpose of managerial accounting is to assist those internal to the company in making informed decisions. Managerial accounting is majorly done for employees within the company, to ensure better results and productivity in performing a task. www.allassignmentservices.com/.../

  • over 4 years ago

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