Publications focusing on managerial accounting.www.business.com/office-equipment-and-supplies/managerial-accounting-magazines-and-journals/
Business directory to 401k rollover information and advice.www.business.com/finance/401k-rollover/
Retirement industry advisers and consultants.www.business.com/finance/retirement-consultants/
Companies that provide retirement plan benefits, including 401k plans and pensions. Get information on corporate retirement plans, or how to offer retirement benefits for employees.www.business.com/finance/retirement-plans/
401(k) plans allow employees to save for their retirement by contributing a portion of their wages to an individual account. Employers can also contribute to 401(k) plans in the form of employee benefits; be sure your 401(k) vendor can manage your employees’ investments wisely.www.business.com/finance/401k/
Simply put, managerial accounting is a process used by an organization's management that allows them to make informed decisions, set goals and attempt to maximize a variety of objectives. These objectives may include attaining greater revenues, increasing customer satisfaction and decreasing costs. Read More »
Accounting for managers does not just involve crunching numbers. Managerial accounting takes a more hands-on approach to improve the way the organization functions. Read More »
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Managerial accounting, also known as cost accounting, is a type of accounting that is used by managers to make business decisions. This type of accounting takes place internally and generates information that managers use to plan for the future and change business operations. Often, managerial accounting is used to audit department expenses to save money and increase profitability.
A business typically employs internal and external accounting processes. External accounting, also known as financial accounting, uses independent auditors to prepare information on the company's finances for outside parties. Independent auditors are usually engaged once a year to prepare business taxes and financial statements. Conversely, internal accounting prepares financial information for use by the company's managers. It is a process that managers can initiate at any time. Consequently, financial accounting must conform to national standards, while managerial accounting must only conform to company standards.
Managerial accounting is often used to make cost-cutting decisions. Typically, an internal accountant audits a department or process with the company's specific goals and objectives in mind. The accountant produces a report that can identify the components with the highest costs. This type of accounting input enables managers to take corrective actions to increase the company's profitability. Read more about managerial accounting from the links on this Business.com page.