A Brief look at Managerial Accounting

A day doesn't go by without Managerial Accounting in our capitalistic world we call, America. Whether we recognize it or not it's in our lives everywhere we turn. It can be seen in the company you work at to the fast-food chain you buy breakfast. Managerial Accounting is the process of identifying, measuring, analyzing, interpreting, and communicating information in pursuit of an organization's goals. An organization needs resources and people to carry out the activities. …

…a very important part in Managerial accounting. Actually it could make or break a business large or small. Costs and expenses need to have a close watch on them at all times. As we saw many companies in the year 2002 go through bankruptcy, we can only wonder maybe this was from poor managerial accounting systems. Companies like Enron can be an example for our own companies to keep a check on our cost and expenses.