The most important three types of managerial accounting activities include directing, planning and controlling. Each of these plays an integral role in managing any organization and its accounts in consideration to managerial level. Planning involves putting an idea into mind with an objective need to be fulfilled. The direction aims at logically thinking about how planning will go forward and in what kind of direction. In addition to directing, it takes up following the format and structures that need to be looked on. Controlling is monitoring the task done to take a smooth yet efficient functioning of different levels present in the organization.