Tuesday 15 September 2009

Term 1: Management Accounting

The first subject for the first semester.

Management Accounting is an integral part of management concerned with identifying, presenting and interpreting information. It largely concerns the future, rather than the past. Due to it’s intended usage, it tends to be more organisation-and-situation-specific.

On the other hand, the purpose of management accounting is the provision of useful information to help management plan, control and make decisions.

No comments: