Question by  vijay52 (12)

What is the definition of management accounting?

My husband says this is his new field.


Answer by  crisduarte (363)

Just by the the definition of each word I'm assuming it means manageing the tasks that go with accounting. For example strategic planning for company budget, for salaries, for spending.


Answer by  tamms (59)

Management accounting looks at the upper level management of decision making. The information shared through managerial accounting affects the way the company will operate in the future and also focuses on the day-to-day operations.


Answer by  melissa23 (1002)

To provide other managers in the business with previous accounting information so that good business decisions are made within the company.


Answer by  Robert53 (131)

Management Accounting is a technique used in businesses that carry large amounts of inventory. It uses accounting principles in applying optimum use of invetory resources, without ever wasting those resources.

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