Managerial Accounting involves the use of accounting information to provide information to managers within organizations so they can make informed business decisions. Management Accounting has several key provisions that are in contrast to financial accounting. Management Accounting looks towards the future, instead of the past; utilizes abstract modeling; is confidential; designed for internal managers; and uses management information systems. Management Accounting is defined by the Chartered Institute of Management Accountants as “the process of identification, measurement, accumulation, analysis, preparation, interpretation and communication of information used by management to plan, evaluate and control within an entity and to assure appropriate use of and accountability for its resources.”
Associate programs in Managerial Accounting provide a ground-level look at the skills required to become a successful business accountant. Graduates may specialize in financial analysis, planning and budgeting, or cost accounting. A Bachelor’s Degree in Managerial Accounting prepares the student to record and analyze the financial information of business. The curriculum includes topics on budget, cost management, performance evaluation, and asset management. Master’s programs might include classes such as Federal Taxes and Management Decisions and Managerial Use and Analysis. Doctoral programs focus on understanding the role of information and measurement systems used in managerial accounting.
Online Managerial Accounting Degrees
- Ashford University — BA/Organizational Management: Accounting
- DeVry University — Master of Accounting and Financial Management
- Kaplan University — BSA: Managerial Accounting
- Walden University — MS in Accounting/Management: Accountants as Strategic Managers
- Walden University — Ph.D. in Management: Accounting