Write a 1,000 – 1250 word paper on the following topic:
Describe the role of managerial accounting in contemporary business. Provide one specific, real-life example of how managerial accounting helps managers improve operational and financial performance. Also, describe the role of federal taxes, the state of the economy, and financial market outlook plays in short-term business decisions.
Your paper must be formatted according to APA 6th edition guidelines, and you need to use at least three external references.