Difference between revisions of "Management Accounting"
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== Definition == | == Definition == | ||
| − | '''Management Accounting''' is the production of financial and non-financial information used in planning for the ''future''. | + | '''Management Accounting''' is the production of financial and non-financial information used in planning for the ''future''. Managers use accounting information in decision-making and to assist in the management and performance of their control functions. |
Management accounting is distinct from conventional [[Accounting]] as it is concerned with ''making decisions'' about products, services, prices and what costs to incur and ensuring that plans are implemented and achieved. | Management accounting is distinct from conventional [[Accounting]] as it is concerned with ''making decisions'' about products, services, prices and what costs to incur and ensuring that plans are implemented and achieved. | ||
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| + | == See Also == | ||
| + | * [[Financial Reporting]] | ||
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| + | == References == | ||
| + | * [[wikipedia:Management accounting | Management accounting]] | ||
[[Category:Management]] | [[Category:Management]] | ||
| + | [[Category:Accounting]] | ||
Latest revision as of 13:30, 11 August 2022
Definition
Management Accounting is the production of financial and non-financial information used in planning for the future. Managers use accounting information in decision-making and to assist in the management and performance of their control functions.
Management accounting is distinct from conventional Accounting as it is concerned with making decisions about products, services, prices and what costs to incur and ensuring that plans are implemented and achieved.
