1. Managerial accounting follows the same rules as financial accounting. 2. Managerial accountants need to understand their company's strategy and key business processes for accurate analysis of data which will result in smooth strategy execution by business executives.

1. Managerial accounting follows the same rules as financial accounting. 2. Managerial accountants need to understand their company's strategy and key business processes for accurate analysis of data which will result in smooth strategy execution by business executives