BUSINESS ADMINISTRATION
ACCOUNTING FOR MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mulyana
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Halim and Supomo
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Mulyadi
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Charles T Homgren
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Detailed explanation-1: -Managerial accounting, also called management accounting, is a method of accounting that creates statements, reports, and documents that help management in making better decisions related to their business’ performance. Managerial accounting is primarily used for internal purposes.
Detailed explanation-2: -Management accounting is a type of accounting which aids management in making sound company decisions. The primary goal of cost accounting is to determine and regulate the cost of manufacturing. The primary goal of management accounting is to provide relevant accounting information to management.
Detailed explanation-3: -Management accountants prepare an accounting system covering costs, sales forecasts, profit planning, production planning, and allocation of resources. It should also include capital budgeting, short-term and long-term financial planning. They also prepare the procedures necessary to implement the plan effectively.