ucation.com/exu mapind Saved nment O Required information Managerial Accounting: An Overview We will learn what managerial accounting is and how it is different from financial accounting. We will study how managerial accounting helps managers in key areas of planning, controlling, and decision making. We will learn that managerial accounting skills are useful in just about any career, organization, and industry. We will look at the various managerial perspectives and how these non-quantitative perspectives work hand in hand with the numbers to effectively manage a business What Is Managerial Accounting? What is Managerial Accounting? Pillars of Managerial Accounting Controlling Planning Decision Making Establishing goals and specifying how to achieve Monitoring and ensuring the proper execution of plans Selecting the best possible course of action them Performance What should we be selling? Bades SS BE NAVI Knowledge Check 01 Match the term and the definition Emphasizes decisions affecting the future. Emphasizes relevance. Emphasizes financial consequences of past activities. Not required to follow GAAP. Emphasizes objectivity. Financial accounting Managerial accounting Knowledge Check 02 Planning involves O hiring employees O setting goals and objectives O analyzing financial statements O coordinating company activities