About

This blog is an online guide to introductory Business Accounting which encompass both Financial Accounting and Managerial/Management Accounting which should provide readers with the necessary ground-work in the fundamentals of using accounting information for decision-making.

In the Managerial or Management Accounting section of this business accounting blog, the main objective is to enable reader to analyze and interpret both historical and estimated data used by management to conduct daily operations, plan future operations and develop overall business strategies.

In the process, hopefully, the readers upon reading this managerial or management section will be able :-

  • to analyze and interpret managerial accounting reports that provides both objective measures of past operations and subjective estimates about future decisions;
  • To analyze and interpret cost behavior;
  • To understand various cost systems: e.g. Job Order Costing, Process Costing;
  • Evaluate the organizational role of management accountants;
  • Describe accounting systems used by manufacturing businesses;
  • Describe and illustrate income analysis under various costing assumptions;
  • Describe the basic elements of the budgeting process, its objectives,and its impact on human behavior;
  • To analyze the types of standards, how they are used in budgeting and how they are established for businesses;
  • Prepare a differential analysis report for decision making;
  • To be able to apply and analyze product costing allocation methods and
  • Analyze Capital Investment Alternatives

Besides the above, there is another main section which is on Financial Accounting section where the following are being dealt with:

  • accounting assumptions/concepts/principles which are important to understand to appreciate the accounting reports/financial statements;
  • analyse and interpretation of financial statements;
  • to understand the cash flow activities of a company using the Cash Flow Statement;
  • and many other accounting topics

It is sincerely hope that this Business Accounting blog vide it two segments namely  financial accounting and managerial/management accounting can really assists the readers to have a strong fundamentals accounting knowledge.

 Happy Reading!