The primary function of managerial accounting is to analyze and measure the financial information using various tools and provide its interpretation to financial managers for decision making, so that organization's goals are met.

Let us discuss the top functions of managerial accounting in detail –

Thus, it is clear that managerial accounting is an important function and plays an integral role in decision-making in the organization. It helps managers make informed business decisions and prepares them for any future contingencies. Their functions are also called advisory functions since they help the managers handle upcoming issues and determine possible profitable business opportunities.

This has been a guide to the Functions of Managerial Accounting and its definition.  You may learn more about financing from the following articles –

• Management Accounting Careers
• Financial vs Management Accounting
• Cost Accounting vs Management Accounting
• Management Accounting Books