management accounting

Involves the application of appropriate techniques and concepts to economic data

• Financial Accounting

• Controllership

• Management Accounting

• Financial Management

Process of identification, accumulation, measurement, analysis, preparation, interpretation, and communication of financial information

• Management Accounting

• Decision Making

• Planning

• Financial Accounting

Objective

• Problem-solving or quantification of the relative merits of possible courses of action

• information who are charged with planning and controlling operations of the firm

• recommendations as to the best procedure.

• management accountants are concerned with providing information to managers

enables both internal and external parties to evaluate organizational performance and position.

• Interpreting and reporting of

  information

• Scorekeeping or data accumulation

• Problem-solving

management accounting is concerned primarily with providing information who are charged with planning and controlling operations of the firm and making a variety of management decisions.

• Scope

• information

• Scorekeeping

• data accumulation

helps manager to focus on operating problems, opportunities as well as inefficiencies

• Scope management accounting

• Scorekeeping or data accumulation

• Interpreting and reporting of information

possible courses of action as well as recommendations as to the best procedure.

• Interpreting

• Problem-solving

• data accumulation

setting goals for the firm, evaluating various ways, picking out what appears to be the best way to meet the goal.

• Decision making

• Controlling

• Control

• Planning

evaluating the performance of managers and the operations for which they are responsible

• Control

• Decision Making

• Controlling

• Planning

evaluation of whether actual performance conforms with planned goals

• Control

• Controlling

• Planning

• Plan