Management Accounting

Knowledge Center

What is Management Accounting? Meaning.

Management Accounting is the analysis and presentation of financial and allied operating data which help management to carry out its planning, control and administration duties effectively. This involves the use of techniques such as costing, budgetary control, marginal costing, and the preparation of management and financial ratios. It is the design, implementation, and management of the internal systems that support effective decision support, planning, and control over the organization’s value-creating operations.

Management accounting is focused on operations and the value chain, the leading indicators and harbingers of financial results, as opposed to the historical activities of external financial reporting and auditing. It is by nature forward looking and focused on seeking opportunities for growth and improvement.

Management accounting focuses on the real internal economics of the enterprise – creating new business, optimizing existing business processes, and analyzing customer value – that create long-term, sustainable value.

Forum New Topic Forum about Management Accounting. New Economy versus MA How is MA affected by the changes in the economy and the business enviroment? (...) 14   🔥 NEW Is Cost and MA Becoming Less Relevant? What forces have caused cost and MA systems designed decades ago to become less relevant and less val (...) 4   10 comments Do You Need an Accountant for a Start-up Company? What do you think about the importance of appointing an accountant in the starting phase of a business? If a busine (...) 2   1 comments Financial Accounting versus MA The purpose of accounting is to provide information that is needed for sound economic decision making. FINANC (...) 1   The Meaning of 'Accounting' What is meant by accounting in your opinion? Let me make it simple: - by using 'count' we mean we are counting (...) 0   Start a new forum topic about Management Accounting. More info. Share your opinion, knowledge and experience or ask a question (sign up for free first)

Best Practices Sign up The top-rated topics about Management Accounting. Here you will find the most valuable ideas and practical suggestions. Profit but Negative Cash Flow What managerial assessments may you make about an organization that has a profit and a negative cash flow in the same ac (...) 27   4 comments Tier 1 and 2 Capital in Banks What do you think about tier capital in bank? Can you distinguish between tier 1 and tier 2 clearly? We can quote from B (...) 23   No MA... What will happen if MA is not adhered to? (...) 19   1 comments

Information Sources Sign up Various sources of information regarding Management Accounting. Here you will find powerpoints, videos, news, etc. to use in your own lectures and workshops. Product Costing, Process Costing and Job-Order Costing Cost Management, MA, Managerial Accounting, Activity Based Costing This presentation provides detailed knowledge about Job Order Costing, one of the traditional product based costing syst (...) Management Accountant's Role in Decision Making Managerial Accounting, Strategic and Operational Management, Decision Making, A managerial or management accountant plays an important role in strategic and operational management. This presentation (...) Process Costing Process Costing, MA, Cost Management This presentation provides in-depth instructions about Process Costing, one of the traditional product based costing sys (...)

Research Links Sign up Automatically jump to further useful sources regarding Management Accounting. News Videos Presentations Books More

Compare also: Corporate Performance Management

Return to Management Hub: Communication & Skills  |  Decision-making & Valuation  |  Finance & Investing

More on Management  |  Return to Management Dictionary

This ends our Management Accounting summary and forum.