DQ 2: 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?

In order for us to answer this discussion question accurately, we must first have a good understanding of what the term Managerial Accounting stands for. According to (Nickels, McHugh, and McHugh, 2010), "accounting used to provide information and analyses to managers within the organization to assist them in decision making." From what I understand from our textbook and outside resources the information, which is gained through managerial accounting, are as follows:

Information related to the costs of an organizations products or services.

Budgets

Performance Reports...