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Q: How does accounting information assist management in measuring efficiency and effectiveness?
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What is the Meaning of management efficiency and effectiveness?

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What is the importance of accounting on information technology?

New integration techniques that have been made available through information technology. This, coupled with advanced data management systems increases the efficiency of retrieving and restoring information. These advancements not only make the process of accounting simpler, but also creates a more focused and relevant use of the computed information. Generally speaking, the effectiveness and efficiency of accounting has been increased by information technology advancements. Which will become evermore present as new technologies are developed and introduced.


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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.


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Management accounting information is historical in nature but it needs to be also future oriented.


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The role of management levels in accounting is to get full information about the financial position in the organization to get the decision