Management Accounting

MANAGEMENT ACCOUNTING

TABLE OF CONTENT
INTRODUCTION
MAIN BODY
CONCLUSION
REFERENCES

INTRODUCTION
 Management accounting can be defined as the method of gathering, analysing, interpreting
and preparation of financial reports used by the management in decision making.
 This is the process involving use of financial information and the resources in decision
making by the managers. Management provides information and prepares report that is
essential for the internal users of the management. Present report is based on GSQ limited a
manufacturing concern.
 Report will cover management accounting systems, reports used in management accounting
and costing techniques used in management accounting. It will also cover the management
accounting costing techniques used for recording closing stock. It will also provide about
the planning tools used by MA and how MA systems help in solving the financial issues of
an entity.

Marginal Costing
 Marginal costing refers to the costing technique
in which only variable cost are considered for
calculating the cost of product. This is also
known as the direct costing method.
 Marginal costing considers the fixed as period
costs and are not considered in the costing of the
product. In marginal costing variable cost is
charged to the cost units. Fixed costs is charged
directly against the contribution.