What do you mean by management accounting?

QuestionsWhat do you mean by management accounting?
Deepak Goyal asked 2 weeks ago
   
3 Answers
Akshaj Singh answered 2 weeks ago
Management accounting is a system that is used in the management of businesses to measure the performance of an organization. It is also used to help make decisions about how to allocate resources. It helps managers control their business and make informed decisions about how best to allocate resources. Some examples of these are: - Financial accounting, which measures the financial performance - Cost accounting, which measures the cost of production and consumption - Resource allocation, which allocates resources based on demand and supply  
Nikhil Rawat answered 2 weeks ago
Management accounting is the process of using accounting information to make business decisions. It includes all processes and activities involved in the organization of an enterprise's financial information. Management accounting is a broad term that can be used to describe all aspects of the process, from financial decision-making, cost-accounting, budgeting and forecasting to internal control, risk management and performance measurement.  
Priya Vishwas answered 2 weeks ago
Management accounting is the process of tracking, analyzing, and reporting on business operations. It is typically used to support decision making and control of a company's resources. Management accounting refers to the process of tracking, analyzing, and reporting on business operations. It is typically used to support decision making and control of a company's resources. There are two main types of management accounting: operational management accounting and financial management accounting.