10 Major Limitations of Management Accounting
The following points highlight the ten major limitations of management accounting. The limitations are: 1. Based on Records 2. Lack of Knowledge and Understanding of the Related Subjects 3. Intuitive Decisions 4. Lack of Continuity and Coordination 5. No Substitute of Administration 6. Lack of Objectivity 7. Unquantifiable Variables 8. Costly 9. Not in Final Stage 10. Psychological Resistance. Management [...]