Managerial Accounting Concepts and Principles

A Look at This ChapterWe begin our study of Managerial ac- counting by explaining its purpose and describing its major characteristics. We also discuss cost Concepts and describe how they help managers gather and orga-nize information for making decisions. The reporting of manufacturing activities is also Look AheadThe remaining chapters discuss the types of decisions managers must make and how Managerial Accounting helps with those decisions. The first of these chap ters, Chap ter 2, considers how we mea sure costs assigned to certain types of Accounting Concepts and Principles CAPL earning Objectives1 CONCEPTUALC1 Explain the purpose and nature of, and the role of ethics in, Managerial Accounting .

Managerial accounting, like financial accounting, provides infor-mation to help users make better decisions. However, manage-rial accounting and financial accounting differ in important ways, which this chapter explains. This chapter also compares the ac-counting and reporting practices used by manufacturing and mer-chandising companies.

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  Financial, Accounting, Rail, Counting, Manage, Financial accounting, Managerial, Ac counting, Managerial accounting, Managerial ac counting

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