BB 2301 Unit VI managerial accounting Disccusion

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Question Description

In this unit, we turn our attention away from financial accounting and review managerial accounting. Managerial accounting uses some of the same basic concepts in financial accounting with a focus on internal users (e.g., executives, managers, supervisors). The financial reports generated by managerial accountants are usually only made available to users within the company.

Discuss why managerial accounting is useful to internal users and why managerial accounting reports can be harmful if disclosed to external users.

Tutor Answer

Kishnewt2017
School: UT Austin

Attached.

Running head: MANAGERIAL ACCOUNTING

Discussion
Name
Institution

1

MANAGERIAL ACCOUNTING

2

For the case of managerial accounting it useful for internal users such as executives,
managers, and supervisors. That is because it provides the internal users with a period which can
be used to monitor the performance of the company and make changes that are deemed
necessary for the firm. Additionally, the managerial accoun...

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