The goal of managerial accounting is to acquaint students of business with the fundamental tools of management accounting. The emphasis throughout the text is on using accounting information to help manage an organization. Each chapter introduces important managerial accounting topics within the context of a realistic company. The authors uses a wide variety of examples from retail, service, ma…
Cost management is important to organizations because it is more than measuring and reporting cost that have occurred. Focused on the future impacts of current or proposed decisions. Cost management is a philosophy, an attitude, and a set of techniques to create more value at lower cost.