Accounting Questions Video: Apply accounting equation to determine total revenues.
Accounting Questions Video: Apply accounting equation to determine total expenses.
Accounting Questions Video: Apply accounting equation to determine total assets.
Accounting Questions Video: Apply accounting equation to determine total liabilities.
Accounting Questions Video: Apply accounting equation to determine total equity.
What is managerial accounting?
Managerial accounting provides accounting information to the internal users of accounting information.
Internal users of accounting information include the executives and managers who use accounting information to make management decisions, such as costing and pricing of products and services.
Managerial accounting is contrasted to financial accounting.
Financial accounting provides accounting information to the external users of accounting information.
External users include shareholders, creditors and government organizations.