Introduction to Managerial AccountingThis first case is about reading, researching, and familiarizing yourself with the purpose and importance of management accounting in today’s organization. Managerial accounting is both about understanding concepts and the ability to read and analyze financial information for internal use. Accordingly, this course is a mixture of reading, research, computations, and analysis.Reading the background material for a basic understanding and then doing additional research to elaborate on the ideas is the approach for this first case. Discuss and analyze the difference between managerial and financial accounting. Pay particular attention to:The discussion should be three to five pages and written in a clear and concise manner. Support your discussion with references in APA format. You are encouraged to use Excel or other compatible spreadsheet when computations are involved. Background: (2015) Pearson Learning  Solution, New York (2015) Pearson Learning  Solution, New YorkIntroduction to Managerial Accounting (2007, July 25) [Video File]. Retrieved from Martin, J. R. (n.d.) Management Accounting: Concepts, Techniques, and Controversial Issues – Chapter 1: Introduction. . Retrieved from . This is a 58-minute video presentation in YouTube. It is an excellent introduction and overview of managerial accounting. You can find other useful videos in related links. White, L., Clinton, B., van der Merwe, A., Cokins, G., Thomas, C., Templin, K., & Huntzinger, J. (2011). Why We Need a Conceptual Framework for Managerial Costing. Strategic Finance, 93(4), 36-42. Accounting for Management (n.d.). Managerial or Management or Cost Accounting Terms and Definitions. Retrieved from Agrawal, N. K. (2010). Principles of Management Accounting, Global Media (read chapter 1), from library portal.Hermanson, R.H., Edwards, J.D., & Invacevich, S.D. (2011). Accounting Principles: A Business Perspective. . Retrieved from Madegowda, J. (2007). Management Accounting, Global Media (read chapter 1), from library portal.Walther, L. M. (2010). , Retrieved from Note that there are useful videos associated with related chapters in Dr. Walther’s textbook. They are all useful, so feel free to watch them all. Readings from this textbook will be assigned for future modules and each chapter has at least one video associated with it. For example, you can find a video of Ch. 1 from , or .