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Managerial accounting provides financial and nonfinancial information to an organization's managers and other internal decision makers.
Managerial Accounting
The process of identifying, measuring, analyzing, and communicating financial information to managers for the pursuit of an organization's goals.
Nonfinancial Information
Data related to a company’s operations that is not expressed in monetary terms.
Internal Decision Makers
Entities or individuals within an organization responsible for making choices that affect the company's operations and strategy.
- Achieve familiarity with the responsibilities and discrepancies between financial and managerial accounting.
- Comprehend different managerial accounting tools that aid in decision-making.
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Learning Objectives
- Achieve familiarity with the responsibilities and discrepancies between financial and managerial accounting.
- Comprehend different managerial accounting tools that aid in decision-making.
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