As you will see throughout the book, managerial accounting 1S very different from nancial accounting. Financial-accounting focuses on providing stockholders and credos with the information they need make investment and lending decisions. This 1nmmk to tion takes the form of financial statements: the balance sheet, income statement, Statement of shareholders' equity, and statement of cash flows. On the other hand, managerปม counting focuses providing with the Information 1t needs to management the company efficiently effectively. This information many forms depending" management's needs To understand the kind of information managers need, lets first look at therp responsibilities