BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -One simple definition of management accounting is the provision of financial and non-financial decision-making information to managers. In other words, management accounting helps the directors inside an organization to make decisions. This can also be known as Cost Accounting.

Detailed explanation-2: -The provision of accounting information within the business entity is referred to as: management accounting.

Detailed explanation-3: -Managerial accounting (also known as cost accounting or management accounting) is a branch of accounting that is concerned with the identification, measurement, analysis, and interpretation of accounting information so that it can be used to help managers make informed operational decisions.

Detailed explanation-4: -Managerial Accounting is the provision of accounting information for a company’s internal users. Unlike financial accounting, managerial accounting is not bound by any formal criteria such as generally accepted accounting principles (GAAP).

Detailed explanation-5: -Management accounting helps managers strategize, course correct and make informed decisions based on the analysis and interpretation of the financial data related to the internal operations of the company. Management accounting is a virtual tool to help the managers of an organization steer it towards their goals.