Managerial accounting has many different functions that are all important to the operations internally within the company. The first one is that managerial accountings helps assist in the decision-making process in a company. It also helps with the dire, directing, and controlling of the company. Every single business has the same growth expectations which is wanting the business to grow. To ensure this, they use planning which allows them to have growth plans both for the present and future. For example, a company may produce a long-term plan with a span of 3-10 years expressing what they would like to achieve in that time. The next expectation is to direct. This involves running those daily operations within a business. An example of this is, a manager not ensuring that there is enough materials on hand to meet customer demand. Therefore, proper directing is essential. The last and final one is controlling. This involves monitoring the daily operations to keep track of the company. An example of this is a manager can use charts to compare the costs that are performed to the expected costs