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Because in order for an organization to operate in the most efficient and proficient way, all available resources must is chosen, organized and managed appropriately to accomplish the organizations goals and objectives. The resources include material, human, financial, and informational resources.
Wiki User
∙ 14y ago
Wiki User
∙ 14y agoBecause management requires managers to use and choose from all the resources available to achieve the organizations goals and objectives. Financial resources is one of them.
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Is Management accounting starts where financial accounting ends?
Management accounting starts where financial accounting ends
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting?
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting
Distinguish management accounting and cost accounting?
What is Dintinguish Management?
Cost accounting and management accounting?
Cost accounting is a subset of management accounting, although the two are used interchangeably.
What are the different fields of accountung?
1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting
How does cost accounting connect with financial accounting and management accounting?
Management accounting gathered data or information from cost accounting and financial accounting. After that, it analyzes and interprets the data to prepare reports and provide necessary information to the management.
Why Accounting is eyes and ears of management?
management accounting has been described as the eyes and ears of management
What is management accounting information used for?
Management accounting or managerial accounting is concerned with the provisions and use of accounting information to managers within organizations, ...
What is the need of management accounting in a business?
management accounting is needed to know the financial condition of the business .it reports to those inside the organisation for planning ,directing,motivating,controlling and performance evaluation. it gives special emphasis on decision affecting the future.
Discuss the nature and scope of management accounting?
difine the nature and scope of management accounting?
What are utility of management accounting?
The utility of management accounting is to take active and timely decision.
Is a management representation letter necessary for a compilation?
According to the Statements of Standards for Accounting and Review Services, a management representation letter is not required for a compilation. A management representation letter is not needed either in this situation.
