Managerial Accounting

Provide, in your own words, a paragraph that is a minimum of four (4) sentences long for each topic mentioned below. 

* The meaning of Managerial Accounting

* Financial Accounting and Managerial Accounting

* The Role of Managerial Accountant. 

* Current focus Managerial Accounting. 

* Product and Service costs. 

* Preparing Income statements. 

* How to prepare a Income statement for service organization.