Decision Making with Managerial Accounting

 

Due to varying business characteristics, the managerial accounting techniques applied in each business may differ.  For example, a business in the start-up phase may rely heavily upon budgeting and capital investment techniques; whereas, a business in the mature/maintaining phase may rely heavily upon cost management and quality control. Ultimately, the techniques used by management should assist the business in achieving its short-term and long-term goals through effective decision-making.

For your Final Paper, you will analyze the role of managerial accounting in two parts. Part I will provide a general overview of managerial accounting. You may find it helpful to reflect upon your own professional experiences for examples. 

Part I (three to four double-spaced pages, excluding the title and reference pages)

Present the following:

• Define managerial accounting
• Describe the role of managerial accounting and the management accountant in a business or organization
• Describes ethical issues/concerns for the management accountant
• Describes at least three managerial accounting techniques available and their application within a business or organization