Managerial accounting provides all of the following financial information except
Question:
How is accounting for managers different from financial accounting?
Answer:
All of the following financial information, except for income Statements can be found in Managerial Accounting. The only financial information that managerial accounting doesn’t give you is what’s on your income statement. The rest, on the other hand, are part of what managerial accounting provides. Managerial accounting looks at how the business works on the inside. Managerial accounting is mostly about putting together financial information for management to use when making important business decisions. Managerial accounting is a type of accounting that gives information about a company’s finances to its managers and people in charge of making decisions. Managerial accounting often involves a number of different financial metrics, such as revenue, sales, operating expenses, and cost controls.