MANAGEMENT FOR ACCOUNTING

Viac o knihe

Focusing on internal decision-making, managerial accounting involves the collection and analysis of financial data to guide management in operational strategies. It encompasses product costing, budgeting, forecasting, and financial analysis, providing crucial insights for pricing and profitability decisions. Unlike financial accounting, which generates external financial statements, managerial accounting is tailored for internal use, helping managers understand business metrics and make informed choices.