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Introduction to Managerial Accounting

 Purposes of Managerial Accounting

▪ Provide useful information to managers.

▪ Aid in decision making.
▪ Cost management and process improvement.
▪ Assist with strategic planning and budgeting.
▪ Implement management control systems.
▪ Evaluate products, projects and managers.
Overlap of Financial and Managerial Accounting
Different Costs for Different Purposes
Flow of Manufacturing Costs