Archive | Management Accounting

Management Accounting: Meaning, Nature, Characteristics, Objectives, Tools, Advantages and Limitations

In this article we will discuss about:- 1. Meaning of  Management Accounting 2. Nature of Management Accounting 3. Characteristics 4. Objectives and Functions 5. Tools and Techniques 6. Installation of Management Accounting System 7. Organisation 8. Advantages/ Merits/ Uses 9. Limitations. Management Accounting: Meaning, Nature, Characteristics, Objectives, Tools, Advantages and Limitations Contents: Meaning of  Management Accounting Nature of Management Accounting [...]

By |2018-06-18T11:02:00+00:00June 18, 2018|Management Accounting|Comments Off on Management Accounting: Meaning, Nature, Characteristics, Objectives, Tools, Advantages and Limitations
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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 [...]

By |2016-06-18T06:58:43+00:00June 18, 2016|Limitations|Comments Off on 10 Major Limitations of Management Accounting
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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 functions of management accounting is [...]

By |2016-06-18T06:58:43+00:00June 18, 2016|Management Accounting|Comments Off on Top 10 Functions of Management Accounting
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