Managerial Accounting

Managerial Accounting

What is managerial accounting?

Management accounting, or managerial accounting, is the branch of accounting which involves the combined use of accounting information for internal users of accounting information which usually aids the decision making of the organization. It uses data from the accounting within the organization, and is subjective and focuses its applications to those individuals who have decision-making power on the activity of the company, hence the overall procedure improves decision making by using accounting data. Its mission is to make understandable economic analysis in terms of the amount of the costs related to the total income for the ...