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This article puts into perspective the importance of the role of managerial teams in the managerial decision making process. Managerial accounting helps the manager respond to the optimal method to realize the targeted objectives by using the given resources, and also how those resources have been distributed (Andreea, Ioana, & Iona, 2018). This article discusses how managerial accounting is a stand-alone concept and that holds significant influence over where the sources of managerial accounting takes its information. The article outlines how important Managerial accounting is especially during the decision making process which is a vital stage in which change will be implemented based on the financial information that has been gathered, interpreted, and analyzed. The article draws a lot of inspiration from a book written by Ftcean Gheorghe titled "Managerial Accounting and Management Control". In this book Ftcean Gheorghe identifies the decision making process as selecting an optimal action among other less effective alternates in order to produce the best possible results. In order for the decision making process to take place other steps must first be conducted. First information must be gathered from reliable sources. Once the information is obtained it must be interpreted into a format that allows the data to be analyzed. After the analyzing stage a decision can be made that will yield the best results. This article goes in depth about how this is the foundation of managerial accounting and if done correctly could ensure the best decisions are being made at all levels to achieve organization's goals.

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Managerial accounting is a method of financial processes for business to stay on top of costs associated with business decision making. In which the managerial aspect is used to evaluate the costs and profitability of the business. It helps in evaluating and defining the efficiency of decision making, where thinking becomes an action. With managerial accounting, businesses are able to identify what needs to be done and how to execute the plan in the most cost effective way. When a course of action has been decided by managerial accounting, the actions will then lead to maximized results with little effort from the management team. It can be applied to and favors entrepreneurial business organizations. It can also be used for calculating the focal point of the project and analyzes theoretical aspects used to complete the project. Managerial accounting acts according to the needs of the business and delegates where necessary. This knowledge can be applied when a company is performing a cash flow analysis. Cash flow analyses are performed to determine the cash impacts on the business, and is handled internally.