The purpose of managerial accounting is to provide budgeting and performance information to managers so that they are able to successfully direct a company or business. Flexible budgeting and overhead ...

Budgeting is how a business plans for future production cycles. An initial budget - known as a "static" budget - is a necessary planning tool; creating a second, flexible budget allows a business to ...

Budgets are important tools for helping companies analyze their costs and pinpoint ways to maximize their profits. Some companies follow static budgets, which remain constant regardless of sales ...