Introduction to Managerial Accounting

Let's learn about the basics of managerial accounting! Managerial accounting is the process of taking financial data, analyzing it, and simplifying it so that management can understand it and use it to make business decisions. In this video, we'll learn how managerial accounting differs from financial accounting, and how it is used to minimize risk, maximize profit, forecast sales, calculate cash budgets, and more.

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00:00 Intro
00:17 Basics of managerial accounting
01:16 Financial vs. managerial accounting
02:17 Types of budgets
03:55 Beyond budgeting