Category: Accounting Basics

In Managerial or Cost Accounting, costs are first identified and then assigned to the part of the business that incurs the cost, the part of the business that makes those costs necessary. Cost...

A cost is what you give up to get something else. At the grocery store, you give up cash to get groceries. When deciding to go to college, you give up time and money to get a degree or the benefits...

Managerial Accounting is a specific branch of accounting designed to support business managers and owners by providing data to help the company with strategic planning, measuring company performance,...