Management Accounting Systems and Reports

Unit Number 5
Management Accounting
1
Task 1

Table Of Content
• Introduction
• Management accounting systems
• Management accounting reports
• Features of Financial Data
• References

Management is made up of two words: management
and accounting, both of which are necessary for running
a firm and making sound judgments. It is critical for
businesses to know how to expand and prosper in a
hard climate. Prime Furniture was chosen as the subject
of this research. The research includes a thorough
examination of several accounting systems/frameworks,
reporting methodologies.
INTRODUCTION

Management accounting
While there's no precise definition defining management
accounting, it may be regarded as the foundation or
comprehensive method of collecting, analyzing,
identifying, documenting, and analyzing financial as well
as non information in such a way that management of
the company may develop its plans and identify
opportunities so that organisational vision and mission
are met.