Corporate law. Incorporation is the formation of a new corporation (a corporation being a legal entity that is effectively recognized as a person under the law). The corporation may be a business, a non-profit organization, sports club, or a government of a new city or town.
Managerial accounting involves collecting, analyzing, and reporting information about the operations and finances of a business. These reports are generally directed to the managers of a business, rather than to any external entities, such as shareholders or lenders. The functions of managerial accounting include: 1  Margin analysis. 2  Breakeven analysis. 3  Constraint analysis. 4  Target costing. 5  Inventory valuation. 6  Trend analysis. 7  Transaction analysis. 8  Capital budgeting analysis.
Managerial Accounting. The purpose of managerial accounting is to provide managers with information to plan, control and manage the operations of a business. It provides management with the information needed to make important decisions about the business. One type of managerial accounting system is cost accounting. Cost accounting systems record actual costs incurred in delivering a product or service, comparing those costs to standard or planned costs and highlighting variances for investigation and follow up.