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lotusflwr lotusflwr
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Define managerial accounting and explain how managerial accounting information helps managers do their jobs.
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Managerial Accounting

Managerial Accounting


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Managerial accounting is defined by the IMA as a profession that involves partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization's strategy.

Simply put, managerial accounting is the generation of relevant information and analysis to support managers' decision-making activities.

Good managerial accounting information helps managers to do their jobs more efficiently and effectively. A large part of a manager's job is decision making. To make the best decisions possible, managers need a wealth of good information. Much of that information will be the product of a managerial accounting system.

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lotusflwr Author
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1 months ago
This helped my grade so much Perfect
djeghri
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Helped a lot
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Thank you, thank you, thank you!
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