Question

Decision Making with Managerial Accounting

Due to varying business characteristics, the managerialaccounting techniques applied in each business may differ. Forexample, a business in the start-up phase may rely heavily uponbudgeting and capital investment techniques; whereas, a business inthe mature/maintaining phase may rely heavily upon cost managementand quality control. Ultimately, the techniques used by managementshould assist the business in achieving its short-term andlong-term goals through effective decision-making.

For your Final Paper, you will analyze the role of managerialaccounting in 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 upon your ownprofessional experiences for examples.

Part I (three to four double-spaced pages, excluding the title andreference 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