Managerial Accounting

What does it Mean? The process of identifying, measuring, analyzing, interpreting, and communicating information for the pursuit of an organization's goals.

This is also known as "cost accounting."
Investopedia Says... The key difference between managerial and financial accounting is that managerial accounting information is aimed at helping managers within the organization make decisions. In contrast, financial accounting is aimed at providing information to parties outside the organization.


Terms Related Links

Absorption Costing
Accounting
Accounting Records
Chief Financial Officer - CFO
Cost Per Gross Addition - CPGA
Do It Right The First Time - DRIFT
Financial Accounting
Generally Accepted Accounting Principles - GAAP
Irrelevant Cost
Relevant Cost

Terms Related Links
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