Author Topic: Management Accounting  (Read 1583 times)

Offline ForcemeatGreat

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Management Accounting
« on: November 17, 2013, 02:48:57 PM »
What is management accounting? My friend says it is different from your typical accounting system. If so, how is it different?
« Last Edit: November 17, 2013, 02:48:57 PM by Guest »
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Offline BallFreak

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Re: Management Accounting
« Reply #1 on: November 27, 2013, 05:00:13 PM »
I took up management accounting when I was in college and it has a big difference between accounting course. Basically, management accounting that process, preparing management reports and accounts that provide accurate and timely financial charts and statistical information required by managers to make day-to-day and short-term decisions.
« Last Edit: November 27, 2013, 05:00:13 PM by Guest »
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Offline PinkAwake

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Re: Management Accounting
« Reply #2 on: November 04, 2013, 05:24:16 PM »
The task of management accounting is to generate monthly or weekly reports for an organization's internal audiences such as department managers and the chief executive officer. The reports they do will show the amount of available cash, sales revenue generated, amount of orders in hand, state of accounts payable and accounts receivable, outstanding debts, raw material and inventory, and may also include trend charts, variance analysis, and other statistics.
« Last Edit: November 04, 2013, 05:24:16 PM by Guest »
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