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Managerial Accounting and Management Cost Accounting
Managerial Accounting:
Works to produce information for internal company use. The reports are for Management to help them make informed decisions regarding the business.
What education is required?
A bachelor degree in business is usually required. A CMA or CPA designation may also be required at some companies.
Tasks:
Cost maintenance and reporting. See
What is Cost Accounting
.
Product profitability analysis and other cost analysis
Budgeting and
business plan
creation
Burden allocation
Confidentiality:
This job works with very confidential information such as:
Wage and Salary information
Product and service costs
Rents and lease costs
Plans for employee reductions, future business plans, etc
The Accountant must maintain confidentiality of the information she has been given.
Other cost accounting types:
Manufacturing Cost Accounting
Hospital and Health Care Cost Accounting
Job Order Cost Accounting
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