7

MANAGERIAL ACCOUNTING

When I was a kid, I made more than a few visits to the local amusement park. As much as I delighted in the thrills that the park had to offer, I was put off by the lengthy lines for the best rides. Unfortunately, this meant that I took multiple turns on the merry-go-round when all I really wanted was one turn on the corkscrew. If only someone had used managerial accounting to develop financial and process efficiencies. This would have allowed loyal customers like me to enjoy more rides in less time and allowed the park to service more customers. Had that been the case, I could have spent more time soaring upside down instead of nodding off on a plastic horse.

Imagine a world in which accounting allows you to turbocharge ...

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