Managerial Accounting is a branch of accounting focused on providing financial information to managers within an organization. It helps in planning, controlling, and making informed decisions by analyzing costs, budgets, and performance metrics. Unlike financial accounting, which is aimed at external stakeholders, managerial accounting is tailored for internal use. This type of accounting involves various tools and techniques, such as cost analysis, budgeting, and variance analysis. These tools assist managers in understanding the financial implications of their decisions, improving efficiency, and enhancing overall organizational performance.