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.
THE ROLE OF MANAGERIAL ACCOUNTING IN THE MANAGEMENT PROCESS BUFAN IOANA-DIANA WEST UNIVERSITY OF TIMISOARA, ioana_diana_bufan@yahoo.com Abstract: The process of accounting is in charge with identifying, measuring and communicating economic information in order to allow its users to make the correct decisions and judgments.