Accounting Essay Example | Topics and Well Written Essays - 500 words - 34

method of accounting - Essay ExampleTherefore, what matters is quality decision and hence the need of managerial accounting in an organization. impertinent in financial accounting, the decisions made in management accounting ar meant for internal users only. The internal users of cultivation are the top managers, employees and departments in a company. Many organizations use enterprise resource planning dodge (ERP) to report, gather, arrange and supply information and converting it into meaningful information for decision making (Jackson, Sawyers & Jenkins, 2009).Managerial accounting is a career unit and helpful to students as it prepares them on their duties and responsibilities as future managers (Jackson, Sawyers & Jenkins, 2009). In management accounting, students are taught costing methods, decision making techniques and pricing methods which are the core functions of a manager. Also, students get conversant with ship canal to solve accounting problems like cost minimizatio n and profit maximization techniques.Students are able to occupy the main concepts in both financial and managerial accounting, which changes their attitude to accounting as a discipline. chronicle as a profession is essential to e trulybody since it is practiced in all sectors. This forms the basis of future no-hit entrepreneurs in the society. Therefore, managerial accounting matters to student as it is applicable in all careers especially in decision making.The role of a manager is beyond controlling and issuing commands and directives. There are many another(prenominal) skills that a manager should have in order to manage the activities in an organization. Good communication is very vital in an organization, and without it everything will be disorganized. Many companies look for competent leaders with good communications skills as a qualification.Managers with reputable organizational skills tend to improve the performance of a business as they make things done in an organiz ed manner.