I just started ACCT 211: Managerial Accounting and have a question regarding our assignment listed below:

This week, focused on cost information.

Please take a moment to reflect ononeof the following times and share it on the discussion board:

• How might cost information be useful in your future career (please remind us of your career aspirations.)
• How might cost information be useful in a nonprofit organization you care about?
• How might cost information be useful in an issue facing the United States or your home country?
• Please share a time when cost information was important in a decision you made.

So, is cost information the same as cost accounting? Or what is meant by how is cost information useful? I know, it is used to make informed decisions.