Management Accounting
From Open Risk Manual
Revision as of 13:30, 11 August 2022 by Wiki admin (talk | contribs)
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.
