Management Accounting

[sunandaC]

“Any form of Accounting which enables a Business to be conducted more efficiently can be termed as Management Accounting”. -Institute Of Chartered Accountants of England and Wales.

“It is a presentation of accounting information in such a way as to assist management in creation of policy and day to day operations of an undertaking”.- Anglo American Productivity Council.

Tools of Management Accounting:-

The Following Statements and Reports are prepared under Management Accounting.

Ratio & Trend Analysis

Comparative Analysis

Working Capital Analysis

Budgeting

Objectives:-

Identify the role of budgets and budgeting in organizations.

Assist Management Functions at all levels.

Help in day to day running of the business.

Provides efficiency in business operations.

 

[jitendra05]

“Any form of Accounting which enables a Business to be conducted more efficiently can be termed as Management Accounting”. -Institute Of Chartered Accountants of England and Wales.

“It is a presentation of accounting information in such a way as to assist management in creation of policy and day to day operations of an undertaking”.- Anglo American Productivity Council.

Tools of Management Accounting:-

The Following Statements and Reports are prepared under Management Accounting.

Ratio & Trend Analysis

Comparative Analysis

Working Capital Analysis

Budgeting

Objectives:-

Identify the role of budgets and budgeting in organizations.

Assist Management Functions at all levels.

Help in day to day running of the business.

Provides efficiency in business operations.

Hey sunanda, thanks for sharing the information and i am sure it would help many people. Well, as we know that management accounting is the process of organizing management reports and accounts that deliver correct and well-timed economical and exact information needed by managers. For more details, please download my presentation.