Management Accounting: Definition, Roles, Principles, Reports, and Integration

This presentation covers the definition, roles, and principles of management accounting, along with 8 management accounting reports and their purpose. It also includes a critical evaluation of integration in management accounting.

Management
Accounting

Management Accounting
definition, roles and principles
• Management accounting is defined as any advice to a company based on
the provision of financial data which may be used by any organization for
its development
• Management roles are aimed to serve the four core needs of the
organization which includes internal management for enhancing the
decision support objectives, capacity utilization for achieving the
corporate goals, resource application and customer value
• Principle of causality specifies the need for cause and effect insights and
• Principle of analogy implements the application of casual insights based
on the management activities

Specimen of Management
Accounting- 1

Specimen of Management
Accounting- 2

Specimen of Management
Accounting- 3

8 Management Accounting reports
with their contents and purpose
1. Financial Reports
2. Pro Forma Cash Flow
3. Sales Reports
4. Item Costs Reports
5. Budget Reports
6. Account Receivable Aging Reports
7. Cost Managerial Accounting Reports
8. Performance Reports

Critical evaluation of
integration
• Real Time Data Processing through remote tracking of financial
information. For instance, this may be used in remotely tracking
of the number of vacant rooms, occupied rooms and new
reservations.
• Functional Simplicity is integrated with automated data
processing with simplifying the accounts and bookkeeping by the
use of integrated accounting system
• The integration is identified with use of such efficient systems to
maximize your business performance

Thank You