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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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Who are the users of managerial accounting information?

To determine

Explain the users of managerial accounting.

Explanation

Managerial Accounting:

Managerial accounting refers to the internal accounting system that gives both financial and non-financial information for the internal users of the organization. This helps the manager in making crucial business decisions.

The users of managerial accounting are explained below:

  • • Managers: Managerial accounting is used by the managers of the company. It helps the managers in planning, controlling and decision making in an organization.
  • • Employees: Employees need managerial accounting information to analyze the status of production or any other responsibilities assigned to them...

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