Importance of Management Accounting in Decision Making Process in Business

Running head: MANAGEMENT ACCOUNTING
MANAGEMENT ACCOUNTING
Importance of management accounting in decision making process in business
MAY 31, 2019

MANAGEMENT ACCOUNTING
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Management Accounting
Name of the Student:
Name of the University:
Authors Note:

MANAGEMENT ACCOUNTING
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Executive summary:
Management accounting is a system of management of financial data in a way to help the
management in taking important business related decisions such as level of production,
determination of selling price of a product and other such important matters. The discussion and
analysis in this document clearly shows that proper allocation of production overheads in
different products that an organization manufactures often determines the ability of the
organization to sale these products. Thus, the ability of an organization to generate revenue from
sale of its products to a large extent is also dependent on management accounting. The practical
application of management accounting and its benefits are narrated below.

MANAGEMENT ACCOUNTING
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Contents
Executive summary:........................................................................................................................2
Introduction:....................................................................................................................................4
Statement of problem:......................................................................................................................4
Quantitative and qualitative data presentation and analysis:...........................................................5
Conclusion:......................................................................................................................................9
Recommendation:............................................................................................................................9
References:....................................................................................................................................11
Appendix:......................................................................................................................................12