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Managerial Accounting Chapter 1 Test Bank Form

Managerial Accounting Chapter 1 Test Bank Form

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okay so welcome everyone this is managerial accounting um we're going to spend this next semester discussing various concepts and methods to provide information to internal users of a company so we know that financial accounting provided much more generalized information to external users banks investors tax authorities communities whereas this class is going to focus on detailed information for internal users within the company to make decisions all kinds of different information closing plans keeping them open what types of products to focus on or to increase in sales know that in this first chapter we're really going to be focusing on a lot of definitions but we need to establish some of these understanding of these definitions in order to move forward so we have to classify various costs now we know you you all had in financial accounting a small understanding of inventory and usually uh we focused a lot on merchandising companies where they purchase their inventory completed this

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