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The process of creating organization goals by identifying, measuring, analyzing, interpreting and communicating information to managers is call management or managerial accounting. Management accounting focuses on all accounting aimed at informing management about operational business metrics. Managerial accounting involves the presentation of financial information for internal purposes to be used by management in making key business decisions. ... Managerial accounting encompasses many facets of accounting, including product costing, budgeting, forecasting, and various financial analysis.…mehr

Produktbeschreibung
The process of creating organization goals by identifying, measuring, analyzing, interpreting and communicating information to managers is call management or managerial accounting. Management accounting focuses on all accounting aimed at informing management about operational business metrics. Managerial accounting involves the presentation of financial information for internal purposes to be used by management in making key business decisions. ... Managerial accounting encompasses many facets of accounting, including product costing, budgeting, forecasting, and various financial analysis. Another key role of management accounting is to help managers decide on the prices of products, by providing all the information regarding costs, market factors, and profitability. ... Essentially, management accountants provide key insights that help a company's management team make many of their decisions. The difference between financial and managerial accounting is that financial accountingis the collection of accounting data to create financial statements, while managerial accounting is the internal processing used to account for business transactions.
Autorenporträt
Derese Simengew has an academic background BED, at Bahir Dar University, MA at Addis Ababa University, MBA at Admas University and now Ph.D scholar in Hawassa University in community Development with extensive teaching and research experience. A prolific writer, he has written 100 (one hundred books) and published more than 50 articles.