Managerial Accounting or management accounting is a branch of accounting that primarily focuses on providing information to internal users of a company. Unlike financial accounting, which aims to provide useful information to external users, managerial accounting focuses on the information needed by those who control the operations of a company. Without this information, CEO's and executives, vice presidents, managers and others in charge would not be able to make critical decisions about the company. The primary information collected, analyzed and presented to management mainly deals with the costs of a company, budget proposals, comparison of actual performance with budgeted amounts, and other financial and economic information that may be of use to management.
