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Business LibreTexts

1: Nature of Managerial Accounting and Costs

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Learning Objectives

By the end of this section, the students should be able to

  • Compare and contrast financial vs. managerial accounting.
  • Apply accounting procedures for manufacturing businesses.

After you complete the required assignments you will be able to:

  • Compare/Contrast Financial vs. Managerial Accounting.
  • Define product and period costs
  • Compute cost of goods sold for a manufacturer
  • Prepare a manufacturing statement


1: Nature of Managerial Accounting and Costs is shared under a not declared license and was authored, remixed, and/or curated by LibreTexts.

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