Module 1 Accounting as a Tool for Managers

This episode of our podcast defines managerial accounting, contrasting it with financial accounting, and details the roles and skills of managerial accountants. The chapter emphasizes the three core managerial responsibilities—planning, controlling, and evaluating—and how managerial accounting supports these functions. Ethical considerations and current business trends impacting managerial accounting, such as globalization and technology, are also discussed. Finally, various accounting certifications are described.