MANAGERIAL ACCOUNTING

Managerial accounting is concerned with providing information to managers, that is, to those who are inside an organization and who direct and control its operations. Managerial accounting can be contrasted with financial accounting, which is concerned with providing information to stockholders, creditors and others who are outside an organization (Garrison and Noreen, 1999)... What is Managerial Accounting, Activity Based Costing, the Balanced Scorecard and Bottleneck Accounting? These questions and other Managerial Accounting basics are discussed.