Question

Decision Making with ManagerialAccounting
Due to varying business characteristics, the managerial accountingtechniques applied in each business may differ. For example, abusiness in the start-up phase may rely heavily upon budgeting andcapital investment techniques; whereas, a business in themature/maintaining phase may rely heavily upon cost management andquality control. Ultimately, the techniques used by managementshould assist the business in achieving its short-term andlong-term goals through effective decision-making.

For your Paper, you will analyze the role of managerial accountingin two parts. Part I will provide a general overview ofmanagerial accounting. Part II will provide examples of howmanagerial accounting theories and principles are applied in thebusiness world. You may find it helpful to reflect uponyour own professional experiences for examples.

Part I (three to four double-spaced pages, excluding thetitle and reference pages)

Present the following:

Define managerial accounting

Describe the role of managerial accounting and the managementaccountant in a business or organization

Describes ethical issues/concerns for the managementaccountant

Describes at least three managerial accounting techniquesavailable and their application within a business ororganization