Management Accounting System Part 1.

Management Accounting
System
Part 1

INTRODUCTION
 Management can be defined as a process in which the
business operations are being managed in an effective
manner and makes sure that their activities are achieved as
well.

Management accounting and its types
 The various types of management accounting are as
follows:-
Traditional accounting
Lean Accounting
Throughput Accounting

Traditional accounting
 This type of accounting is also called as accrual basis of
accounting where the company is required to include all
types of expenses and income which the company has gain
or lost during the financial year.