Meaning of the word "managerial accounting" in English

What does "managerial accounting" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

managerial accounting

US /məˌnɪdʒ.ə.ri.əl əˈkaʊn.tɪŋ/
UK /məˌnɪdʒ.ə.ri.əl əˈkaʊn.tɪŋ/
"managerial accounting" picture

Noun

1.

the process of identifying, measuring, analyzing, interpreting, and communicating financial information to managers for the purpose of planning, controlling, and decision-making within an organization

Example:
Effective managerial accounting is crucial for strategic business decisions.
She specialized in managerial accounting during her MBA program.
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