This report provides a comprehensive analysis of management accounting within Nike, Inc., focusing on internal accounting activities, financial governance, and the importance of benchmarking. It defines key accounting terms such as financial and management accounting, highlighting their differences in responsibilities and objectives. The report explores the roles and responsibilities of management accounting, including planning, organizing, controlling, and decision-making. It delves into the management accounting system, covering cost accounting, inventory management, and price optimization. Furthermore, it emphasizes the significance of benchmarking, illustrated through a product comparison between Nike and Adidas, and discusses the importance of financial governance and adaptability in accounting management. The report concludes with a detailed overview of the management accounting practices and their impact on Nike's financial strategies.
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