This document explores the history and evolution of managerial accounting, from its early usage in the 19th century to its modern applications. It discusses the changes in accounting practices and the role of managerial accountants in financial planning and control. The document also highlights the shift in focus from financial perspective to concepts like customer satisfaction, value creation, and internal processes.

Discover the development of managerial accounting, from its origins in the 1800s to its present-day significance in financial planning and control.

History and Evolution of Managerial Accounting

End of preview