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Guess the question is likely to mean this:
"Is accounting department to be considered as the management or supporting?"
If you've tried putting on this question, I'd like to point here a few certainities:
Management:
To wrap up the financial statements and actions of any of the businesses, we still want the accouting firms to set their hands in. Management passes on their accounting details to the professionals and get those done to ensure the margin of cash-flow.
Support:
Also, accoutning department remains to be the greater support in filling out the needed info on/before the tax season and helps the businesses to know the status of their management. Professionals supports the management, of course.
It solely depends on the actions that are performed by the professionals. And, my point of view will be to move with the both management and support. For more about accounting/bookkeeping, you can also look into igsbookkeeping.com. This gives you a clear picture of how accounting process is carried over.
What else can I help you with?
Disadvantages of management accounting?
One disadvantage to management accounting is the fact that the manager may not be able to interpret the information about his or her department. Without understanding the reports, he or she will not be able to incorporate changes that makes the department better.
Techniques used in management accounting?
Managers use management accounting to help them determine if their department is performing. They also use it to help them analyze make or buy decisions.
Cash flow management?
Cash flow management is the process businesses use to ensure they have control over their finances. The finance or accounting department is over cash flow management.
Is Management accounting starts where financial accounting ends?
Management accounting starts where financial accounting ends
Duties of accounts department?
The accounting department helps the business remain profitable. Accountants generate reports that allow management to make strategic decisions about the direction of the organization.
Disadvantages of management accounting?
One disadvantage to management accounting is the fact that the manager may not be able to interpret the information about his or her department. Without understanding the reports, he or she will not be able to incorporate changes that makes the department better.
Techniques used in management accounting?
Managers use management accounting to help them determine if their department is performing. They also use it to help them analyze make or buy decisions.
Cash flow management?
Cash flow management is the process businesses use to ensure they have control over their finances. The finance or accounting department is over cash flow management.
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
Duties of accounts department?
The accounting department helps the business remain profitable. Accountants generate reports that allow management to make strategic decisions about the direction of the organization.
What is the role of an accounting department in a corporation?
Role of accounts department in a corporation is: · Financial accounting: financial and fixed asset reporting; payroll; accounts payable · Accounting function: maintain the general and subsidiary ledgers; process and record all revenues and prepare general purpose financial statements in compliance with IFRSs · Accounting oversight and guidance to other internal departments to ensure the gaap, legal requirements, policies and procedures - all consistently applied to maintain the integrity of the financial records. · Management accounting - budgeting, performance evaluation, cost management, asset management
Cost accounting and management accounting?
Cost accounting is a subset of management accounting, although the two are used interchangeably.
Distinguish management accounting and cost accounting?
What is Dintinguish Management?
Scope of human resource accounting?
Human resource accounting usually involves the management of payroll, benefits and bonuses. Accounts receivable and accounts payable are usually handled by the operations department.
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
