Pricing for Success

Many of us only think about accounting as April 15 and other such deadlines approach. However, not all accounting is tax or financial statement preparation. There is a discipline of accounting known as managerial accounting that is primarily concerned with analyzing, preparing and interpreting information to assist management in making operational decision. Knowledge of certain managerial accounting concepts can be very beneficial to PCOs in running their operations. This article does not attempt to discuss or illustrate the voluminous material necessary to gain a full understanding of managerial accounting. Rather, it briefly describes certain topics that may be useful to PCOs.