Management Accounting: Concepts, Tools, and Systems

Management Accounting

INTRODUCTION
• Management accounting referred as the process of assessing the costs of the business and the
operations for preparing an financial report for internal management.
• The present PPT is based on different aspects of the MA that involves concept and essential of MA
systems. Moreover, it highlights computation of the profits with an application of the marginal and
absorption costing tools.
• The study also presents different planning tools and systems that helps in resolving the financial
problems.

P1. Describing MA and an essential requirement of its system
 MA refers to the principle that involves framing and providing the timely statistical and the
financial information to the managers of the business in order to make routine decisions.
 The main elements that are included in management accounting are decision making, planning and
controlling.
 The main functions of the MA systems is to facilitate data, modifies or alter the data, interpret and
analysing data which serves as the means of a communication, facilitating control on accounts and
provides for quantitative as well as qualitative information.

CONTD..