Chapter 1 — Accounting as a Tool for Managers
Chapter 1 Outline
1.0 Why It Matters
LO 1.1 Define Managerial Accounting and Identify the Three Primary Responsibilities of Management
LO 1.2 Distinguish between Financial and Managerial Accounting
LO 1.3 Explain the Primary Roles and Skills Required of Managerial Accountants
LO 1.4 Describe the Role of the Institute of Management Accountants and the Use of Ethical Standards
LO 1.5 Describe Trends in Today’s Business Environment and Analyze Their Impact on Accounting
