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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Top 9 Objectives of Management Accounting

The following points highlight the top nine objectives of management accounting. The objectives are: 1. Assistance in Planning and Formulation of Future Policies 2. Helps in the Interpretation of Financial Information 3. Helps in Controlling Performance 4. Helps in Organizing 5. Helps in the Solution of Strategic Business Problems 6. Helps in Coordinating Operations 7. Helps in Motivating Employees and [...]

By |2016-06-18T06:58:43+00:00June 18, 2016|Objectives|Comments Off on Top 9 Objectives of Management Accounting
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Top 11 Techniques used in Management Accounting

The following points highlight the top eleven techniques management accounting. The techniques are: 1. Financial Planning 2. Analysis of Financial Statements 3. Historical Cost Accounting 4. Standard Costing 5. Budgetary Control 6. Marginal Costing 7. Funds Flow Statement 8. Cash Flow Statement 9. Decision Making 10. Revaluation Accounting 11. Statistical and Graphical Techniques 12. Communicating. Management Accounting: Technique # 1. Financial Planning: [...]

By |2016-06-18T06:58:43+00:00June 18, 2016|Techniques|Comments Off on Top 11 Techniques used in Management Accounting
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