Managerial accounting provides information that is used by internal users of a company, such as managers and executives, to make informed business decisions. This type of accounting focuses on generating reports and analysis that help management in planning, controlling, and evaluating the operations of a business. It provides information related to the financial and non-financial aspects of the company's operations, as well as future predictions and projections. This information can include financial statements, budgets, cost reports, variance analysis, performance metrics, and forecasts. Managerial accounting is geared towards providing insights into areas such as cost management, profitability analysis, budgeting, decision-making, and performance evaluation.
