College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Name and describe six areas of specialization for a managerial accountant.
Name and describe six areas of specialization for a managerial accountant.
The six areas of specialization for a managerial accountant are:
- Accounting information systems: Managerial accountants specialized in the accounting information system helps in designing and implementing manual and the computerized accounting system.
- Cost accounting: The accountant helps in measuring the cost of the specific products or service provided. In addition, analysis is carried out by the accountant as to determine whether the products and services are produced in a most cost-effective manner.
- Financial accounting: Financial accounting is prepared by the book keepers and accounting clerks, the accountants prepare various reports and financial statements. Financial accounting helps the accountant to analyze the operating, investing and financing decision...
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