Management Accounting: Types, Reports, and Integration

Management Accounting
Part 1

Table of content
• Introduction
• Types of various management accounting system
• Several types of reporting system
• Benefits of using accounting system
• Integration among reporting and accounting system
• Conclusion
• References

Introduction
Management Accounting is the way in which accountant implements various
provisions of accounting related information for making better decisions in
an effective manner. However, this can be rightly said that management
accountants are now using diverse kinds of tools for gaining competitive
advantage over the rivals.

Different types of management accounting
system
• It refers to the interpretation, analysis, identification and presentation of
accounting information’s which has been obtained with the help of
financial accounting and cost accounting.
• Management accounting can be described as ' a value adding continuous
improvement process of planning, designing, measuring and operating
both non-financial information system.