Management Accounting

Knowledge Center

   

Description of Management Accounting. Explanation.

Contents

  1. Summary
  2. Forum
  3. Best Practices
  4. Expert Tips
  5. Resources
  6. Print
 

Definition Management Accounting. Description.


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.


Management Accounting Forum
  Financial and Management Accounting
The purpose of accounting is to provide informatio...
     
 
  Do You Need an Accountant for a Start-up Company?
What do you think about the importance of appointi...
     
 
  The Meaning of 'Accounting'
What is meant by accounting in your opinion?
...
     
 
  Tier 1 and 2 Capital in Banks
What do you think about tier capital in bank? Can ...
     
 
  No Management Accounting...
What will happen if management accounting is not a...
     
 
  New Economy versus Management Accounting
How is management accounting affected by the chang...
     
 
  Role of Management Accounting
What was the role of management accounting in the ...
     
 
  Budgeting Training Materials
Dear colleagues,
I need a budgeting training ...
     
 
  Mangement Accounting versus Financial Management
How can we differentiate management accounting fr...
     
 
  What is the Meaning of Management Accounting?
It's simple: management accounting is facilitating...
     
 
  Profit but Negative Cash Flow
What managerial assessments may you make about an ...
     
 

Management Accounting Special Interest Group


Special Interest Group

 

Best Practices - Management Accounting Premium

Expert Tips - Management Accounting Premium

Resources - Management Accounting Premium
 

News about Management Accounting


     
 

Videos about Management Accounting


     
 

Presentations about Management Accounting


     
 

Books about Management Accounting


     
 

More about Management Accounting


     

Compare also: Corporate Performance Management

Special Interest Group Leader

You here


 

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.

About 12manage | Advertising | Link to us | Privacy | Terms of Service
Copyright 2017 12manage - The Executive Fast Track. V14.1 - Last updated: 13-12-2017. All names tm by their owners.