This document provides an introduction to management accounting and discusses the role of management accountants in an enterprise. It also explores the scope of management accounting and its role in each function of a business. Additionally, it explains the difference between management accounting and financial accounting. The document further examines different kinds of cost reports, such as job costing, batch costing, inventory costing, and activity-based costing, and discusses their benefits. The document concludes with an income statement as per absorption costing and marginal costing.