What is managerial accounting?

 

Answer:

What is managerial accounting?

We can say that managerial accounting is the type of accounting focused on the proper functioning and defense of good practice in companies. It is based on the collection of information that provides deeper information about the company for its managers.

Through managerial accounting, the administrators and owners of a company have the possibility of obtaining deeper information about it in order to undertake projects or make strategic decisions.

Thus, this accounting approach focuses on the monitoring and collection of data necessary for the constant knowledge of the reality of a commercial company by its managers. In other words, the people who must finally decide on the plans and the future of the company. But, isn't accounting legally supposed to represent a true and true image? Indeed, but sometimes the company retouches its balance sheets and offers images different from the real ones to satisfy its shareholders or debtors. Therefore, although when we speak of a true and true image, we must differentiate between what is "really" real and what is supposed to be real according to accounting regulations.

For this reason, it is common for managerial accounting to be developed encompassing other types of accounting such as tax or financial. Some disciplines that will help when presenting useful and relevant information for the administrator.