Is it better for an organization to have managerial accounting or better if the manager have that skills?
Asked by Ahmed ALKAABI
My project about the need of managment accounting and i want to know what is better for the organization if they use a managerial accounting report's or if the manager have the managerial accounting skill's? and what is the result for both of them?

Best Answer:
IMO it's better for managers to have this skill. If the accounting department provides standard reports (performance to budget, cost of goods sold, balance sheet, etc.), experienced managers can interpret the data as it pertains to their business function or unit. Reliance on a centralized managerial accounting function diminishes the performance accountability of individual managers. it may also result in a lower caliber managerial staff, since managers who do not have the ability to analyze and interpret financial data are often less skilled than those who do.

Key here is to keep management and finances seperate.
Answered by windyhair