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    Managerial accounting provides information to managers within companies to help with decision making, planning, and controlling operations. It involves identifying, measuring, analyzing, and interpreting accounting information for internal use by management. Managerial accounting focuses on providing financial and non-financial information to managers to help with budgeting, cash flow analysis, inventory management, and other decisions. It differs from financial accounting, which focuses on external reporting to regulatory agencies and following accounting standards.

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    Afm-ppt- n somesh new

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    Managerial accounting provides information to managers within companies to help with decision making, planning, and controlling operations. It involves identifying, measuring, analyzing, and interpreting accounting information for internal use by management. Managerial accounting focuses on providing financial and non-financial information to managers to help with budgeting, cash flow analysis, inventory management, and other decisions. It differs from financial accounting, which focuses on external reporting to regulatory agencies and following accounting standards.

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    26 views9 pages

    Afm-Ppt - N Somesh New

    Uploaded by

    somesh N
    Managerial accounting provides information to managers within companies to help with decision making, planning, and controlling operations. It involves identifying, measuring, analyzing, and interpreting accounting information for internal use by management. Managerial accounting focuses on providing financial and non-financial information to managers to help with budgeting, cash flow analysis, inventory management, and other decisions. It differs from financial accounting, which focuses on external reporting to regulatory agencies and following accounting standards.

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    of 9

    MANGEMENT

    ACCOUNTING
    &
    PRESPECTIVE

    N SOMESH
    MBA 1ST YEAR
    ACCOUNTIN
    G
    Accounting is measurement, processing and communication of financial and non
    financial information.
    The accounting process includes summarizing, analyzing, and reporting these transactions
    to oversight agencies, regulators, and tax collection entities.

    Managerial accounting
    Financial accounting
    Cost accounting
    Auditing
    Tax accounting
    Accounting information system
    Forensic accounting
    Public accounting & etc.
    Managerial accounting

     Managerial accounting is a branch of accounting

     Deals with identification, measurement, analysis, and interpretation of accounting


    information

     Help in company’s management in their decision-making process. 

     Managerial accounting involves the presentation of financial information for internal


    purposes to be used by management in making key business decisions.
     Planning, controlling, staffing, organizing and etc
    EVOLUTION
    Financial accounting Managerial accounting
     It deals with process of recording Managerial accounting is the process of
    financial transaction identification, measurement, analysis, and
     Formulation of financial statement interpretation of accounting information.
    -- Balance sheet, income
    statement, cash flow statement,  Managerial accountant use this information
    accounts payable, receivables, and to assist organization in taking future
    etc. decision-making activities.
     Financial accountant need to
    follow GENERAL ACCEPTED  They don’t need to follow any regulation
    ACCOUNTING PRINCIPLE like IFRS or any law.
    {or} INTERNATIONL
    FINANCIAL REPORTING
    STANDARDS.
    ACCOUNTING
    INFORMATION

    Managerial accounting Financial accounting

     Used for internal purpose-


     Mainly External uses-
    Budgeting decisions and
    Tax authorities, owners,
    future investments-
    shareholders, regulators .
    planning, controlling and
    Investors, creditors and etc
    etc
    -
    Types of Managerial Accounting

     Product costing and valuation


     Cash flow analysis
     Inventory turnover analysis
     Financial leverage metrics
     Accounts receivable
    management
     Budgeting
     forecasting
    PERSPECTIV
    E
    Managerial accounting encompasses many facets of accounting like
    the following:

     Analysis/interpretation of
    financial statement
     Decision making
     Controlling
     Planning
     Staffing
     Forecasting and etc

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