What is management accounting। scope of management accounting। Tools and techniques of management accounting। Importance of management accounting
Management accounting is a special Branch of accounting. It is a modern and scientific innovation of accounting. The part of accounting that helps managers in taking decision providing accounting information is called management accounting. Many authors and institutions have defined the management accounting in different ways. Some of The popular definations are given below: 1. Management accounting is concerned with accounting information tgat is useful to management of an organisation. _R.N. Anthory 2. Management accounting is regarded as any form of accounting which enables a business organisation to be conducted more efficiently. _ICAB 3. Management accounting is used to describe the accounting methods, system and techniques which cupled with special knowledge and ability assist management in its take of maximizing profits and minimizing loss. _J.Batty In fine,we can say management accounting is a ]art of general accounting process which provid...