Introduction to managerial accounting slp Assignment

Introduction to managerial account slp - Assignment ExampleWith its many stores around the world, considering its chain, 16,120 stores in over 49 countries, over 10,000 stores in the get together States, and many other outlets in the rest of the globe makes the company an international coffee powerhouse. The main products are the drip brewed coffee and expresso-based hot coffee drinks. As a good customer of Starbucks coffee products, I took a keen interest to study the companys managerial accounting analysis in planning and controlling processes. This paper thus looks into how the managerial accounting works for planning and controlling processes in Starbucks.The financial records are the financial agents of any degenerate in matters concerning accounting management. Using the internal control process, it is true that the internal control of Starbucks over financial reporting includes maintaining records that in reasonable detail accurately and fairly reflect Starbucks transactions and give logical agency that the transactions are recorded as necessary for preparation of our financial statements. Secondly, these managerial accounting principles give some logical facts and assurances that receipts and expenditures are made in accordance with management authorization (Gilligan & Wilson, 2009). Finally, the managerial accounting facts provide reasonable assurance that unauthorized acquisition, use or disposition of company assets that could have a material effect on the Starbucks financial statements would be prevented or detected on a timely basis.In analyzing the roles of the managerial accounting in Starbucks, it is important to determine the facts about managerial accounting. According to Maital & Seshadri, (2007), managerial accounting is basically refer with providing information to personnel within Starbucks organization so that they can plan, make decisions, evaluate performance, and control operations. There are no rules and regulations associated wit h this field since the information is think solely