Logged out
Access All our Essays in an Instant
Swap your work for FREE access, or pay £4.99 for instant access
Managerial accounting
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
Page Preview
On the left is an image preview of every page of this document, and below are the first 150 words with formatting removed:
╨╧рб▒с > ■ 5 7 ■ 4 ье┴ 5@ Ё┐ 0 ╦' bjbj╧2╧2 (6 нX нX н И Ъ Ъ Ъ Ъ Ъ Ъ Ъ о о о о 8 ц Є $ о ы v " " " " " " " " j l l l l l l $ a R │ Р Ъ " " " " " Р Ъ Ъ " " е 8 8 8 " Ъ " Ъ " j 8 " j 8 8 J Ъ Ъ J " `╥B IС╟ о " J j ╗ 0 ы J ╡ " ╡ J о о Ъ Ъ Ъ Ъ ╡ Ъ J " " 8 " " " " " Р Р 8 Managerial accountants facilitate management decision making. ЕInstead of preparing financial statements, they interpret the financial information and explain the business implications to managers. They are doing more financial planning and more financial modeling. They work with managers to make informed business decisions. (Siegal and Kuleza, 1996, IMA) ----------------------------------------------------------------------------------------------------------- Preview All the organizations have two things in common. First, every organization has a set of goals or objectives. Second, in pursuing an organization's goals, managers need information. The information needs of management range across financial, production, marketing, legal, and environmental issues. In pursuing an organization's goals, managers engage in four basic activities: decision making, planning, directing operations, and controlling. For all of these managerial activities, managers need information. The information comes from various sources, including economists, financial experts, marketing and production personnel, and the organization's managerial accountants. Managerial accounting is part of an organization's management information system. Managers rely on managerial accounting information to plan...
To see the full version of this document, and 145,841 others
