Tarlac State University

College of Business and Accountancy

DEPARTMENT OF ECONOMICS

MANAGERIAL ECO

Name: Lor Einna N. Santos__________ Year/Section: BSAN-1A_____Date: March 04, 2021

Managerial economics is a stream of management studies which

emphasizes solving business problems and decision-making by applying the theories and

principles of micro and macroeconomics (Prachi M., 2018). Being knowledgeable about the

discipline of managerial economic is extremely significant to every accountant as it is somehow

related to accounting. One of the benefits an accountant will have is that it allows the accountant

to support decision-makers such as investors and managers in solving different problems that

will be helpful in providing good impact and for the development and success of the company.

Focusing on the historical reports, accountant looks on the actual performance of the company

and comparing it to the future goals and objectives within the company. Gathered information

will be a huge benefit in identifying and preventing issues that may arise in the different field of

the company.

Another advantage is that an accounting will be able to plan for the future

of the business or company. An accountant helps in the development of plans and convey this

information. They can contain more detailed and concise information about the products,

budgets, and competitor analysis, that will help the managers to set objectives and outline on

how they will be achieved. Having knowledge about managerial economics will produced a great

impact on the performance of an accountant. It will be helpful not only for the accountant itself,

but it will also create a huge impact on the development of the whole company.