Management Accounting: Essential Requirements, Methods, and Techniques
VerifiedAI Summary
This report covers the general concept of management accounting with the requirement of different types of management accounting system. Further, it covers methods used for reporting of management accounting. Additionally, appropriate cost techniques to prepare an income statement will also include in the report. Here, the advantages and disadvantages of different planning tools will also discuss in the study efficiently. Lastly, it will include a comparison of how the organizations are adopting management accounting system to respond the financial problems effectively.