managerial accounting information is generally prepared for managerial accounting notes the primary goal of managerial accounting is to provide information to

Kentarica Sherrod 09 January 2017 Chapter 1: Accounting as a Tool for Management Unit 1.1: What Is Managerial Accounting? Definition of Managerial Accounting ● Managerial accounting the generation and analysis of relevant information to support managers' strategic and operational decisionmaking activities ○ Managerial accounting adds value to the organization by helping managers do their jobs more efficiently and effectively. ■ Financial and nonfinancial data from operations ⇒ Is processed by decision makers ⇒ Leading to a decision and action Comparison of Managerial and Financial Accounting Manage