After taking financial accounting, many students dread the idea of another semester of journal entries, debits, and credit.
Fortunately, managerial accounting is very different from financial accounting.
Managerial accounting is the art of planning, decision making and controlling in business. In order to do that, we must identify what we want to track. Are we looking at a product, a store, a department
The sell or process further decision type is mainly applicable to farms and producers of natural resources. These businesses must decide to sell farm products or natural resources as is or turn that inventory