Tag Archives | Management Accounting

Financial Accounting and Management Accounting

The upcoming discussion will update you about the difference between financial accounting and management accounting. (i) Objects: The main object of financial accounting is to measure business income and communication of information to the various categories of persons, i.e., management, creditors, suppliers of goods, bankers, investors, etc. whereas the main objectives of management accounting is […]

Top 10 Functions of Management Accounting

The following points highlight the top ten functions of management accounting. The functions are: 1. Forecasting and Planning 2. Organising 3. Coordinating 4. Controlling Performance 5. Financial Analysis and Interpretation 6. Communication 7. Special Studies 8. Protection of Business Assets 9. Tax Policies. Management Accounting: Functions # 1. Forecasting and Planning: One of the important […]

Management Accounting: Meaning, Limitations and Scope

In this article we will discuss about Management Accounting:- 1. Meaning of Management Accounting 2. Limitations of Management Accounting 3. Characteristics 4. Scope. Meaning of Management Accounting: Management Accounting is the presentation of accounting information in such a way as to assist management in the creation of policy and the day-to-day operation of an undertaking. […]

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