Management accounting in simple terms is accounting for management which deals with internals users of accounting information. If considered in a broader sense, it’s of great use in different managerial functions. It can help business to attain the expected results on the basis of timely information and reports relating to the internal operations.
Since management accounting is primarily concerned with management needs, it plays an important role in the management process assisting the managers to lead the business in an efficient way executing any of the basic functions of management.
Since management accounting is primarily concerned with management needs, it plays an important role in the management process assisting the managers to lead the business in an efficient way executing any of the basic functions of management.
The basic functions of management are: Planning, Organizing, Coordinating, Motivating, Controlling and Communicating.
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Written by:
K. A. Fareed (Fareed Siddiqui)
Writer, Trainer, Author, Blogger, Software Developer
BBA, MBA-Finance, MPhil-Financial Management, (MSc-Software Engineering)
(PhD-Management)
MA-English, MPhil-English
Post Graduate Diploma in Computer Applications and Programming
Certificate course in English language proficiency
Level 1 – Leadership and Management ILM – UK
Pursuing CMA-USA
Individual Member of Institute of Management Consultants of India
What is management accounting
Management Accounting for Dummies
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