When someone says accounting the thought of the definition seems to be universal. What many don’t realize is that there are different kinds of accounting and different uses with those types. One major and different type of accounting other than the well-known financial accounting is managerial accounting. In the following paper I will discuss what managerial accounting is and how it’s used, the difference between managerial and financial accounting, the users of this accounting, ethics in accounting, and careers in managerial accounting. Managerial accounting is “the process of identifying, measuring, analyzing, interpreting, and communicating information for the pursuit of an organization's goals” (Managerial Accounting Definition, 2003). Managerial accounting is also known as cost accounting (2003). Managerial accounting provides an organization with the financial data to perform descriptive analytics. The numbers don’t tell anything about the future, but they can be used to make decisions about the future. Without the numbers that managerial accounting provides no appropriate and good decision making would be being made. Managerial accounting is not like other accounting and major differences exist between managerial accounting and financial accounting. Although they work side by side, managerial accounting concentrates on helping people inside the organization, such as managers, make decisions while financial accounting focuses on providing information to people outside the organization. Since managerial and financial accounting differs, so do the users. The users in managerial accounting are those inside the organization such as managers and other staff that makes decision. The users of financial accounting are those people outside of the organization that require financial data such as investors/stockholders and the government (2003). Although the