Managerial accounting is concerned with providing information to managers- that is, to thosewho are inside an organization and who direct and control its operations. Managerialaccounting can be contrasted with financial accounting, which is concerned with providinginformation to stockholders, creditors and others who are outside an organizationManagerial accounting information includes:
Information on the costs of an organization’s products and services. For Example,managers can use product costs to guide the setting of selling prices. In addition, these product costs are used for inventory valuation and income determination
Budgets. A budget is a quantitative expression of a plan.
Performance reports: These reports often consist of comparisons of budgets withactual results. The deviations of actual results from budget are called variancesD) Other information which assist managers in their planning and control activities.Examples are information on revenues of an organization’s products and services,sales back logs, unit quantities and demands on capacity resourceIn the present day management function, a manager should undertake several duties is anorganisation which includes: planning, controlling, decision making, communication,coordination etc. Management accounting as a discipline should provide the manager withtools that will facilitate their core functions.Taylor Nelson Sofres (TNS) Ltd is the world's largest custommarket researchspecialist. It has offices in more than 80 countries acrossAfrica,Americas,Asia Pacific,
Europeand the Middle East.It is also a global leader in customer stakeholder management
research and the biggest provider of online market information in the world. The firm was
acquired byWPP Group, the world's largestadvertising company.
TNS boasts a powerful global network. It separates its worldwide operations into four maindivisions: North America,Europe, Asia Pacificandemerging markets.
On 7 January 2011, the largest custom research agency in West and Central Africa, Researchand Marketing Services Ltd (RMS)became part of TNS after TNS acquired a majority stakein RMS. The acquisition of a majority stake in RMS follows an affiliation agreement signedin March 2010 with RMS and an investment by WPP in RMS in August 2010. Theacquisition of RMS added Nigeria, Senegal, Cameroon, Ivory Coast and Ghana to TNS’existing African network covering South Africa, Kenya, Tanzania, Uganda, Egypt andMorocco