Management Accounting: Prime Furniture

INTRODUCTION
The management accounting (MA) is a type of accounting that is related to systematic
process of collecting monetary and anti monetary data of a company to prepare internal
reports. These reports help to corporations in order to take corrective actions for better
management. This power point presentation is based on a company that is Prime
furniture which is located in East London.

TABLE OF CONTENT
 INTRODUCTION
 INTRODUCTION TO MANAGEMENT ACCOUNTING
 DIFFERENT TYPES OF MANAGEMENT ACCOUNTING SYSTEM
 PRESENTING FINANCIAL INFORMATION
 CONCLUSION
 REFERENCES

INTRODUCTION TO MANAGEMENT
ACCOUNTING
What is MA and its definition?
As above stated that MA is a kind of accounting in that accountants produce reports to
help internal stakeholders, specially to managers. In these reports information about all
types of aspects is included for a particular accounting period.
Definition:
The term MA has been defined by different authors and institutions. Herein, underneath
MA is defined as per the CIMA (Charted institute of management accountants) which
states that it is a process of identifying, measuring, accumulating and sharing
information that is used by management in order to establish control.

CONTINUE
What is Management accounting system?
The MAS can be defined as those accounting systems which are related to process of
measuring and evaluating business operations for better management. There are
different types of accounting systems that helps to managerial aspects of companies in
an effective manner. In the Prime limited company, they applying different systems of
accounting for better management.