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Managerial Accounting Concepts and Principles - ppt download

Managerial Accounting Concepts and Principles - ppt download: Managerial Accounting Basics Managerial accounting provides financial and nonfinancial information for managers of an organization and other decision makers. Financial accounting provides general purpose financial information to those who are outside the organization. Managerial accounting is an activity that provides financial and nonfinancial information to an organization’s managers and other internal decision makers. The main purpose of the financial accounting system is to prepare general purpose financial statements. The purpose of both managerial and financial accounting is providing useful information to decision makers. Both areas of accounting report monetary information, although managerial accounting includes the practice of reporting nonmonetary information.

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