Management Accounting is the adoption and analysis of accounting information in such a way as to assist the management in policy creation and day-to-day operations of an organization. The term “Management Accounting” is composed of two words: Management and Accounting. It is a true fact that many important data for managerial use are beyond the ability of accountancy to supply- for example market demand, state of competition, general business conditions, engineering design etc. So management accounting has been originated to fulfill managerial needs by providing the said important data which normally accounting fails to supply. This is why, students understanding managerial accounting and using it is of utmost importance.
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Some of the topics covered under Management Accounting are:
Of course, our scope of coverage is not limited to the above topics. You may contact www.theglobaltutors.com for any kind of Managerial Accounting query.