Management accounting is the process of identifying, measuring, analyzing, and communicating financial and non-financial information to assist managers in fulfilling organizational objectives. It provides information to internal managers for decision making and involves forecasting, increasing efficiency, using techniques and concepts, and achieving objectives. The scope of management accounting includes financial accounting, cost accounting, budgeting, forecasting, statistical methods, interpreting data, reporting, internal auditing, and tax accounting. Its objectives are planning, helping with interpretation, decision making, motivating, controlling, reporting, motivating, and organizing. Functions include modifying data, planning, financial analysis, communication, using qualitative information, decision making, and coordinating. Advantages are decision making, planning, controlling operations

1. Introduction to Management Accounting
M VADIVEL
B.COM – PA

3. Meaning and Definition of Management
Accounting
Management accounting is the
process of identification, measurement,
accumulation, analysis, preparation,
interpretation, and communication of
information that assists executives in fulfilling
organizational objectives.

4. Management Accounting is the provision of
financial and non-financial decision-making
information to managers.
Management accounting also is known as
managerial accounting and
It can be defined as a process of providing
financial information and resources to the
managers in decision making. Management
accounting is only used by the internal team of
the organization.

5. Nature or Characteristics of Management
Accounting
 Forecasting
 Increase in efficiency
 Techniques and concepts
 Achieving of objectives

8. Scope of Management Accounting
 Financial accounting
 Cost accounting
 Budgeting and forecasting
 Statistical methods
 Interpretation of data
 Reporting
 Internal Audit
 Tax Accounting

12. Objectives of Management Accounting
1. Planning and policy formulation
2. Help in the interpretation process
3. Helps in decision making
4. Motivating
5. Controlling
6. Reporting
7. Motivating
8. Helps in organizing
9. Coordinating operations

16. Functions of Management Accounting
 Modification of data
 Planning and forecasting
 Financial analysis and interpretation
 Communication
 Use of qualitative information
 Decision making
 Coordinating

20. Advantages of Management Accounting
• Decision Making
• Planning
• Controlling business operations
• Organizing
• Understanding financial data
• Identifying business problem areas

21. Thank you…..