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.