§ Catering Experiance
§ Three months experience in Mumtaz Grill Restaurant, Burry Park Luton.
§ Working on weekends in "The Auction House" Luton.
"Computerized project Management techniques?"
What is management accounting ?Explain the nature and scope of management accounting management accounting is a part of accounting which is used for decision making lik in the organisation these decision makers prepare cash flow statement wich helps in forcasting the future profit of the organisation
The purpose of management or managerial accounting is to obtain financial information to help make business decisions. Another type of accounting is financial accounting.
Management accounting gives the organization's management the tools to plan ahead. It allows the managers to figure out where the company is losing money, and how it can maximize productivity and profits.
Financial Accounting just deals with the recording, analysing and classification of financial statements. Whereby other disciplines related to Financial accounting deal with the information "recieved" from Financial Accounting. For example : Management Accounting deals with making decisions for the company's growth and stability, on the contrary Financial accounting provides the data to management accounting for its decision making process.
There are many new developments in management accounting techniques. Many new software products have entered the market that assist managers in producing accurate accounting records.
we adopt the rules & regulation of companies management.
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.
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management... accounting methods and techniques used by managers to operate their firms. Examples include raw materials, labor and manufacturing overhead management. On the other hand.
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management...Cost Accounting related to accounting methods and techniques used by managers to operate their firms. Examples include raw materials, labor and manufacturing overhead management. On the other hand,
The main categories of accounting include financial accounting, management accounting, and cost accounting. Financial accounting focuses on recording and reporting financial information for external users. Management accounting provides financial information to internal decision-makers and helps in budgeting, planning, and decision-making processes. Cost accounting analyzes the cost of manufacturing a product or providing a service. These categories are interrelated as the information produced in financial accounting is used by management accounting for decision-making, and cost accounting employs the techniques and information provided by both financial and management accounting.
The following tools and techniques are used in management accounting to assist management: (i) Analysis of Financial Statements. (ii) Ratio Analysis. (iii) Funds Flow Analysis. (iv) Cash Flow Analysis. (v) Cost Volume Profit Analysis, Different Cost Analysis, etc. (vi) Budgetary Control and Standard Costing. (vii) Management Reporting.
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.
1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting