Unit 5- Management Accounting Task 1.

Unit 5- Management
Accounting
Task 1

2
Table of Content
• Introduction
• Management accounting along with description of essential requirements of
each management accounting system
• Benefits and application of Management Accounting System
• Methods of management accounting reporting
• Conclusion
• References

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Introduction
Management accounting can be elaborated as a procedure of identification, measurement,
analysis, interpretation and communication of financial information or data to managers of
an organization for the purpose of pursuing goals of business. This presentation is based on
analysis of management accounting in Prime Furniture. It is a growing furniture company
conducts business in London
▫

4Management accounting along with description
of essential requirements of each management
accounting system
▫ Management Accounting:
Management accounting is the process of measuring, assessing and communicating the
information to the manager.
▫ Management Accounting System:
Management accounting system is the process of implementing management accounting in
organization is called Management Accounting.