Administrative Accounting
Barron's Accounting Dictionary:
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Administrative Accounting
1. accounting that focuses upon management planning and control through a formal system of accumulating and reporting data to achieve administrative or management objectives.
2. accounting that involves internal decision-making with respect to prorations, valuations, and reporting. Controllership and internal auditor functions relate to administrative accounting.
| Administered Price, Adjustment, Adjusting Journal Entry | |
| Administrative Budget, Advance, Advanced Manufacturing Environment |
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Administrative Accounting
Investopedia Financial Dictionary:
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Administrative Accounting
The financial reporting of factors that influence decision making, operational control and managerial planning. Administrative accounting focuses on management planning and control to accomplish the company's administrative goals.
Investopedia Says:
Administrative accounting involves a formal methodology for gathering, reporting and evaluating financial data that deals with management planning and control. The reports can help administrators and managers evaluate the day-to-day activities of the operation.
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Barron's Accounting Dictionary
Dictionary of Accounting Terms. Copyright © 2010 by Barron's Educational Series, Inc. All rights reserved.
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