Textbook Notes (367,993)
Canada (161,547)
Accounting (533)
ACC 406 (130)
Chapter 1

Chapter 1

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Department
Accounting
Course
ACC 406
Professor
Maurizio Di Maio
Semester
Winter

Description
Chapter 1Introduction to managerial accounting What is managerial accounting y Managerial accounting is the provision of accounting info for a companys internal users o It is the firms internal accounting systemis designed to support the information needs of managersy 3 broad objectives o To provide info for planning the organizations actions o To provide info for controlling the organizations actions o To provide info for making effective decisionsy Example on pg 45 Information needs for planning control and decision making y The detailed formulation of action to achieve a particular end is the management activity called planningo Planning requires setting objectivesidentifying methods to achieve those objectives ex on pg 5 y The m
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