Week 4 DQ2

What information is gained through managerial accounting? How can a business use this information? As an investor in a small business, what sorts of things may concern you regarding a firm's financial statements?

Managerial accounting provides information and analysis to managers inside the organization to assist them in decision making (Nickels, McHugh, & McHugh, 2010). Information that is gained are reports that measure and report costs of production, marketing information, budgets, and information to design strategies that can minimize taxes for the organization. The information can be used for strategic and tactical decisions on matters such as pricing products or services, choosing which products to emphasize or de-emphasize, investing in equipment, and formulating overall...