Reading the background material for a basic understanding and then doing additional research to elaborate on the ideas is the approach for this first case. Discuss and analyze the difference between managerial and financial accounting. Pay particular attention to:
-How is managerial accounting different from financial accounting?
-Comment on the different needs and use of financial information for internal purposes.
-The managerial accounting profession and its role in todayâ€™s business environment. How has it changed over time?
-Comment on the Certified Management Accountant (CMA) designation.