One basic difference between managerial accounting and financial accounting is that managerial accounting is used internally instead of externally for investors. Managers use managerial accounting to determine what level of output is appropriate for their departments.

Managerial accounting play a vital role in managers life,Life is veyi easy due to managerial accounting

Reduction of reporting costs of managerial accounting information

Managerial accounting places emphasis on how the numbers actually affect the organization. In managerial accounting, managers want to know what is important to decision making.

Managerial accounting is a type of accounting which is concerned with providing information to managers that is, people inside an organization who direct and control its operation.