Management Accounting and Essential Requirements

Management
Accounting
LO1

Table of Content
• Introduction
• Management accounting and essential requirements of its
systems.
• Difference between management and financial accounting
• Management accounting system
• Different methods used for management accounting
reporting
• Types of managerial accounting Reports
• Evaluating benefits of discussed MA systems
• Conclusion
• Reference

Introduction
Managing accounting is that kind of process which makes
identification, analysing, evaluation and interpretation
that expresses information to managers. This makes
goals to be achieved with objectives attain of an
organization. Under it cost is also been referred that is
used for making accounting information attained at the
time of decision making process in more effectiveness.

Management accounting and essential
requirements of its systems
Management Accounting: It is an
analysis of financial information that
is obtained from the financial
statements. The main purpose of
management accounting is to make
such decisions that is profitable and
helps a company to achieve desired
goal within specific time.