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Management accounting
Management accounting provides managers with qualitative and quantitative financial and operational data to help plan, monitor, and improve the performance of a business. It draws from various accounting disciplines like finance, costing, forecasting and budgeting, taxation, and reporting to analyze data, interpret trends, and support decision making. The scope of management accounting is broad, as it aims to provide both financial and non-financial information on all aspects of a business to aid management control and inform future-oriented planning.
Management accounting
- 1. MANAGEMENT ACCOUNTING Submitted ByGuided By Vijay Somase Prof Khairnar Mam
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- 3. Objectives Management Accounting •Provision of require data • Data modification • Analysis & interpretation • Provides qualitative information
- 4. Nature Of ManagementAccounting • Branch of knowledge • Management account is a science • Management account is art • Management account is profession
- 5. Scope Of ManagementAccounting • Finance accounting • Costing accounting • Forecasting and budgeting • Cost control techniques • Statistical data • Taxation • Reporting • Office service • Management control
- 6. Characteristics Of Management Account •Management oriented account • Future account • Quantitative and qualitative information • financial statement • Publication and audit
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