Managerial accounting provides financial and nonfinancial information to an organization's managers and other internal decision makers.

Managerial accounting focuses on providing information for internal decision making and is not required to follow generally accepted accounting principles (GAAP). Managerial accounting information is used by managers to make decisions such as cost analysis, performance evaluation, and budgeting. Nonfinancial information, such as customer satisfaction or employee turnover, may also be included as part of the managerial accounting process.