Managerial Accounting

This text is organized around the following major areas of managerial accounting: An Overview of Managerial Accounting. In this section, the text discusses the uses of managerial accounting and contrasts the type and use of information provided by managerial accounting and financial accounting. Cost Accumulation. This section illustrates the process through which the organization accumulates costs with its inventory products and services. The Use of Managerial Accounting Information. This section describes various uses of managerial accounting information. The basic principles of cost behavior and cost accumulation discussed in preceding two sections are applied to important decisions facing managers in today's business world.