Management Accounting System and Reporting

Management
accounting
(Task-1)

Content
 Introduction
 Management accounting system
 Different types of management accounting system
 Benefits of management accounting systems
 Critical evaluation
 Management accounting reporting
 Different methods used for management accounting reporting
 Conclusion
 References

Introduction
Management accounting is defined as a procedure of
analysing business cost recorded under the financial
statement so as to make reliable and profitable
decision for an organisation. For this, accounting
manager need to provide an adequate support to the
management in terms of giving relevant information
about current financial position of company.

Management accounting system
Management accounting is a process of making an effective decision
for the betterment of an organisation by analysing the financial
information of company taking books of accounts into
consideration. It is the way of analysing business cost by
summarising financial statements of an organisation