Management Accounting

MANAGEMENT ACCOUNTING

Table of content
 Introduction
 Main body
 Conclusion
 References

INTRODUCTION
 Accounting management is the systematic presentation of accounting information, the
purpose of which is to help managers in their decision making process.
 The report will cover the meaning, principles and functions of management accounting.
Essential requirements of different management accounting systems will be highlighted in
this presentation.

Definitions of Management Accounting
 The Chartered Institute of Management Accounting (CIMA, 2000) refers to
management accounting as the “procedure of determination, evaluation, gathering,
examination and preparation, interpretation as well as communication of data which are
used by management in order to plan, measure as well as control within an entity.
 Institute of Management Accountants (IMA, 2009) stated that it as “ a occupation that
includes associating management in devising planning, decision making, as well as
performance management systems, along with delivering knowledge in fiscal reporting and
control to help management in the preparation and application of strategies of company ”.