Notes for Managerial Decision Making

Published 12 Jan 1997
Reference 4566
Summary

Managerial accounting involves gathering and preparing accounting information, which is useful for managerial decision-making. It seeks to explain what happens to the wealth of the organization under different possible courses of actions. These notes review and explain the methods and process for analysing and presenting data for decision making.

Teaching objectives

To provide background reading for MBA or executive education sessions on management accounting and strategic cost management. These notes will help managers understand where the numbers come from, how they have been prepared and presented, and assess their usefulness and importance in decision making.

Keywords
  • Management Accounting
  • Cost Accounting
  • Management Decision Making
  • Strategic Cost Management
  • Relevant Costs
  • Product/Service/Customer Costing
  • Activity Based Costing