Cost accounting examines how a company spends money. All expenses are recorded and analyzed in detail and then reported to management, who uses this information to identify ways to increase efficiency ...

Managerial accounting is used by a company's managers to help in planning and implementing day-to-day operations. According to Accounting in Focus, managerial accounting is used in businesses such as ...

In small business, every dollar counts, so keeping an eye on your bottom line is a necessary review process. Managerial accounting reports can provide you with the information needed to trim costs, ...

Anna Baluch is a freelance writer from Cleveland, Ohio. She enjoys writing about a variety of health and personal finance topics. When she's away from her laptop, she can be found working out, trying ...

Not all forms of accounting are the same. Some focus on costs, others on audits and some focus on taxes. While having a solid handle on your business’s finances is essential, how you track business ...

Cost accounting is a process that involves recording, analyzing, and reporting a company's expenses in detail. Unlike ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Vikki Velasquez is a researcher and writer ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. There are a number of types of accounting, serving a wide ...