The application of the principles of accounting and financial management to create, protect, preserve and increase value so as to deliver that value to the stakeholders of profit and not-for-profit enterprises, both public and private. Management accounting is an integral part of management, requiring the identification, generation, presentation, interpretation and use of information relevant to* formulating business strategy* planning and controlling activities* decision-making* efficient resource usage* performance improvement and value enhancement* safeguarding tangible and intangible assets* corporate governance and internal
Management accounting is concerned with the provision and use of accounting information to managers within organizations, to facilitate the managers in their decision making and management control functions. Unlike financial accountancy information (which, for the most part, is made publicly available), management accounting information is used within an organization and is usually confidential.
Providing financial information to managers for the purposes of planning, decision-making and monitoring and controlling performance.
The process of identifying, measuring, analyzing, and communicating financial information.
is the process of identification, measurement, accumulation, analysis, preparation, interpretation, and communication of financial information used by management to plan, evaluate, and control within an organization and to assure appropriate use of and accountability for its resources. Management accounting also comprises the preparation of financial reports for non-management groups such as shareholders, creditors, regulatory agencies, and tax authorities.
Accounts and reports are tailor made for the use of the managers and directors of a business (in any form they see fit - there are no rules) as opposed to financial accounts which are prepared for the Inland Revenue and any other parties not directly connected with the business. [Go to source
The branch of accounting concerned with providing management with information to facilitate the planning and control functions.
Accounting concerned with providing information to managers; that is, to those who are inside an organization and who direct and control operations. Management Accounting includes cost accumulation for product costing, budgeting and financial statement analysis.
Accounting statements that are produced to assist the company's marketing. Management accounts can be used for planning, decision making, review and control.
Management accounting is a broad term to describe the techniques used to collect, process, and present financial and quantitative data within a business to enable effective scorekeeping, cost control, planning, pricing, and decision making to take place.
Concerned mainly with how accounting can serve internal decision-makers. Defined as the process of identification, measurement, accumulation, analysis, preparation, interpretation and communication of information that assists executives in fulfilling organizational objectives.
provision of data required by management, including planning and controlling activities, decision making on activities and safeguarding assets.
This describes the analysis of historical and current accounts of revenue and expenses to assist managers in their decision making.
The area of accounting concerned with providing internal financial reports to assist management in making decisions.
The process of identifying, collecting, and analyzing information primarily for internal purposes (ICF Inc., 1995). Management accounting is meant to support a businesses forward looking management decisions.
See managerial accounting. To Top
Management accounting is concerned with the provisions and use of accounting information to managers within organizations, to provide them with the basis in making informed business decisions that would allow them to be better equipped in their management and control functions. Unlike financial accountancy information (which, for public companies, is public information), management accounting information is used within an organization (typically for decision-making) and is usually confidential and its access available only to a select few.
