The functions of managerial accounting include analyzing, collecting and reporting information regarding the finances and operations of a business. Managerial accountants typically report data, statistics and recommendat... More »

Management accounting helps organizations improve their ability to control costs and plan for the future through financial forecasts. It also focuses on providing reports to ensure comprehensive management oversight. More »

According to a Houston Chronicle article by Grant Houston, strategic management accounting is a form of business inquiry that combines the accounting criteria of an organization with external factors that influence the o... More »

External users of accounting information are parties outside the operation of a business who use its accounting and financial information in making important decisions. Examples include customers, investors, tax authorit... More »

A controller is an accountant who manages the finances of a private or publicly traded company, and a comptroller is a person who performs these same functions for a governmental entity. An individual who performs the du... More »

According to AccountingExplained.com, companies use cost accounting systems to determine operations costs and estimate accurate costs of production. Cost accounting systems provide information in inventory valuation and ... More »

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According to a Houston Chronicle article by Grant Houston, strategic management accounting is a form of business inquiry that combines the accounting criteria of an organization with external factors that influence the o... More »