Management Accounting: Systems, Methods, and Benefits

Management Accounting

TABLE OF CONTENTS
 Introduction
 Management accounting
 Management accounting systems
 Methods for management accounting reporting
 Advantages
 Conclusion
 References

INTRODUCTION
 Management accounting is the process whereby the managers of the company
are communicated with the financial accounting information based on which
they take the operational decisions of the company.
 PPT shall be providing the deeper insights in the management accounting
system of the Prime Furniture Limited.
 It shall also be reflecting the various management accounting systems that are
used by the company to evaluate and measure the performance of the
management.
 It shall also be disclosing the significance of the management accounting
systems and how they are applied in the company for the fulfilment of the
organizational objectives.

1. Management Accounting
 Management accounting is the internal management function as performed by
the managers of the company in order to meet the organizational goals and
objectives of the business.
 It is process which involves decision-making regarding the future operations
based on the details as provided by the current financial statements of the
company.
 The management accountants refer to the business transactions in order to
report about the future forecasting and take necessary short term and long term
decisions in the company.
 It helps in achieving the fundamental aim of the company which is to
maximize the profits and generate growth prospects for the Prime Furniture
Limited.