Accounting for Managers

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Understanding basic accounting is essential for business managers and team members to engage effectively in decision-making processes. The book emphasizes financial accounting's role in preparing financial statements that inform stakeholders. It also highlights the importance of managerial accounting, which includes both financial and non-financial metrics, such as product defect rates and delivery performance. By demystifying managerial accounting, the text aims to empower those in management roles to grasp these concepts as intuitively as everyday tasks, enhancing their operational effectiveness.