Managerial Accounting

Accounting

Managerial accounting is different from financial accounting because it is used primarily by companies and organization to generate weekly, daily and monthly reports to help them forecast future financial events (Birnberg, 1992). The profession of managerial accounting looks at the many ways managers can help facilitate increased revenues over defined times, and the future in general. It is not concerned with investments as much as it is concerned with the overall profitability of the company in which the manager works with. Managerial accounting once began as a method of simply keeping track of an organizations time and finances, much like a treasurer might. Over time however, and especially given the current global state of the economy, managerial accounting is now concerned with the profitability and future success of organizations not just domestically but also globally. The use of the internet and technology has dramatically changed the way...
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