Question

Managerial accounting focuses internally and often is part of a company's process making the information about these processes more proprietary. While stockholders also need to evaluate information, there is a line between providing transparency to investors and sharing trade secrets with competitors. In managerial accounting, we ALWAYS evaluate every decision from a cost/benefit perspective.

What is the cost when we share too much information publicly

Answer 1

Managerial accounting focuses on internal users (executives, product managers, sales managers, and any other personnel with in the organization who use accounting information to make important decisions managerial accounting information need not conform with US GAAP  

Managerial accounting often focuses on making future projections for segments of a company

Cost is a financial measure of the resource used or given up to achieve a stated purpose.

Product costs are the costs a company assigns to units produced

Manufacturing companies use the most complex product costing methods

In manufacturing companies a products cost is made up of three cost elements - direct material costs, direct labor costs, and manufacturing overhead costs