There are three type of Accountants:
1 - Financial Accountants
2 - Cost Accountant
3 - Management Accountant
Management Accountant is a person who helps the management in the decsion making process of daily working activities by providing relevent data and analysis and helps management in every aspect of business activities and provide the analysis of financial implications of different decisions made by management and help to choose most benefitial decision and ways to manage business.
Management accounting starts where financial accounting ends
Cost accounting is a subset of management accounting, although the two are used interchangeably.
management accounting has been described as the eyes and ears of management
Management accounting or managerial accounting is concerned with the provisions and use of accounting information to managers within organizations, ...
Management accounting includes both financial and cost accounting, tax planning and tax accounting. Cost accounting, on the other hand, does not include financial accounting, tax planning and tax accounting.
Management accounting starts where financial accounting ends
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting
What is Dintinguish Management?
Cost accounting is a subset of management accounting, although the two are used interchangeably.
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.
management accounting has been described as the eyes and ears of management
Management accounting or managerial accounting is concerned with the provisions and use of accounting information to managers within organizations, ...
Management accounting includes both financial and cost accounting, tax planning and tax accounting. Cost accounting, on the other hand, does not include financial accounting, tax planning and tax accounting.
The utility of management accounting is to take active and timely decision.
difine the nature and scope of management accounting?
Following are different branches of accounting:1- Cost Accounting2- Financial Accounting3- Management Accountingbranches of accounting are two:1-financial accounting2-management accounting(cost a/c & managerial a/c)
of management accounting