Managerial Accounting

Osama Khader
 Topics
• introduction
• Cost terms
• Cost volume profit analysis
• Master budget
• Flexible budget
• Decision making and relevant information
• Capital budgeting
 Introduction
• Financial Accounting : the process of identifying and
recording financial information to interested users

• Managerial accounting : the process of identifying and

recording financial and nonfinancial information to the
management for plan ,control and decision making

• Cost Accounting : the process of measuring and

recording the cost of a particular thing for plan control
and decision making
Differences between Financial Accounting
and managerial Accounting

Financial Managerial
External internal )management( Primary users
financial Financial and nonfinancial Nature of information
past Future(budget) Focus and emphasis
Should follow Do not follow accounting Roles and measurement
standards
Annual More than one year Time span
reports
 Financial Managerial
Accounting Accounting

Cost
Accounting