UMD
BMGT 221 -
Chapter 1 Introduction to Managerial Accounting
School name
University of Maryland, College Park
Pages 1
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Chapter 1 Introduction to Managerial Accounting I Managerial Accounting A Primary Responsibilities 1 Planning 2 Directing 3 Controlling means overseeing the companys day to day operations setting goals and objectives for the company and determining how to achieve them plan and making adjustments to keep the company pressing toward its goal controlling to make informed decisions B Differences between Managerial and Financial Accounting evaluating the results of business operations against the gathers information from planning directing and 4 Making Decisions 1 Managerial is internal versus Financial is External users 2 Managerial uses info to plan and direct versus Financial to help external users to make decisions
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