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''. |
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. | ||
[[Category:Management]] | [[Category:Management]] | ||
Revision as of 11:46, 17 September 2021
Definition
Management Accounting is the production of financial and non-financial information used in planning for the future.
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.
