Why Management Accounting
| Site: | lucymidimo.gnomio.com |
| Course: | lucymidimo.gnomio.com |
| Book: | Why Management Accounting |
| Printed by: | |
| Date: | Friday, 1 August 2025, 8:45 PM |
Description
📘 Description of Management Accounting
Management Accounting is the process of preparing, analyzing, and presenting financial and non-financial information to help managers make informed business decisions. Unlike financial accounting, which is aimed at external stakeholders (like investors and regulators), management accounting is intended for internal use by the organization’s leadership.
1. Introduction to Management Accounting
Management accounting is a branch of accounting that focuses on providing financial and non-financial information to internal stakeholders—primarily managers—to assist in planning, controlling, and decision-making within an organization.