Managerial Accounting Class Help
Managerial accounting or management accounting is the process of identifying, analyzing, recording and presenting financial information used internally by the management for planning, decision making, and overall control. Managerial accounting supports the decision making process through planning and controlling operations. Planning primarily occurs in the budgeting process. Controlling occurs when managers compare actual performance with budgeted amounts to identify differences and then act upon differences that appear to be significant.
In contrast to financial accounting, managerial accounting is concerned with providing helpful information and reports to internal users such as managers and entrepreneurs, so that they can control and plan the business activities.
Managerial accounting information need not conform to U.S. GAAP. This is the reason that it sometimes becomes very difficult for students to follow it. Another characteristic of managerial accounting data is its high level of detail. Every working needs to be done showing all the steps.
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Management Accounting Assignment Help Topics Include:
- Activity Based Costing
- Break-even Point
- Evaluating Business Investments
- Improving Profits
- Manufacturing Overhead
- Non-manufacturing Overhead
- Standard Costing
- Variance Analysis
- Make or buy decisions
- Contribution Analysis
- Absorption and variable costing
- Inventory Methods
- Work-In-Progress Ledgers