what types of information does managerial accounting compute 
managerial accounting is useful for companies to track and craft spending budgets reduce costs project sales figures and manage cash flows among other tasks the bottom linemanagerial accounting is important for drafting accurate and complete financial statements for internal use and crafting a company s long term strategy without good managerial accounting corporate leadership can struggle to make appropriate choices or misunderstand the firm s true financial picture because managerial accounting documents are not official they do not have to conform to gaap and can be used internally for a variety of purposes 