Managerial accounting, also called management accounting, is a branch of accounting that provides financial and non-financial information to internal stakeholders such as managers and employees. The main goal of managerial accounting is to help organizations make better decisions by providing information that is relevant, timely, and accurate.

Managerial accounting differs from financial accounting in that it is more forward-looking, providing information that helps managers plan and control operations, rather than just reporting on past performance. Some of the specific tasks that managerial accountants perform include:

Budgeting: creating financial plans and forecasts for the future.

Cost accounting: tracking and analyzing the cost of goods sold and overhead expenses.

Performance evaluation: measuring and analyzing the efficiency and effectiveness of operations.

Decision-making support: providing information and analysis to help managers make informed decisions.

Product pricing: determining the prices of products or services based on cost and demand.

Strategic planning: providing information and analysis to support long-term planning and goal-setting.

Managerial accounting is also known as "Management Accounting" and it helps the management in decision-making, planning, budgeting, and performance evaluation.