Before a manager or business owner can make any decisions, he needs to know how it affects his bottom line. That's where managerial accounting comes in. Managerial accounting is the practice of ...

Accounting is a broad term that covers many different objectives, depending on how it’s practiced. Most often, we think of accountants and financial accounting. However, managerial accounting is an ...

Managerial accounting deals with information on budgeting that is solely focused on business goals. A master budget is the central managerial accounting tool for supporting management decisions, ...

In 2022 alone, an estimated 97 zettabytes (or 97 billion terabytes) of data is expected to be created or consumed in the world. That mind-boggling figure is expected to nearly double by 2025.

It’s not uncommon for someone who starts a marketing business to have limited accounting knowledge. After all, marketing and accounting are often seen as having opposite functions—the former dealing ...

Selling and administrative expenses include costs like marketing and rent, not tied to product production. Managers use these expenses to tailor company strategies and optimize operations. Frequent ...

Happy International Management Accounting Day! Today, we celebrate the work of all finance and accounting professionals working in business. They are the unsung heroes who provide the financial ...

Not all forms of accounting are the same. Some focus on costs, others on audits and some focus on taxes. While having a solid handle on your business’s finances is essential, how you track business ...

Only a small percentage of Americans own a business, but that is increasing with the proliferation of side businesses and the gig economy. While your business might not be a traditional ...

Many business programs are based on a foundation of what is known as the FAME subjects: finance, accounting, management and economics. Business students should gain a good working knowledge of all ...