Managerial Accounting
Management accounting is concerned with the provision and use of accounting information to managers within organizations, to facilitate the managers in their decision making and management control functions. Unlike financial accounting information (which, for the most part, is made publicly available), management accounting information is used within an organization and is usually confidential. (Jiambalvo)
The distinction between traditional and innovative management accounting practices can be illustrated by reference to cost control techniques. Traditionally, management accountants' principal cost control technique was variance analysis, which is a systematic approach to the comparison of the actual and budgeted costs of the raw materials and labor used during a production period. While some form of variance analysis is still used by most manufacturing firms, it nowadays tends to be used in conjunction with innovative techniques such as lifecycle costing and activity-based......
View the rest of this paper...
Approximate Word Count: 362
Approximate Pages: 2 (250 words per double-spaced page)
Why should you join Frat Files?
- - It's safe, secure, and private.
- - Instant access to over 100,000 papers. New papers are added hourly.
- - Fast and reliable customer support.
Similar Essays
-
Managerial Accounting Vs Financial Accounting
Managerial accounting vs Financial accounting. ... Business Decisions Financial accounting
and managerial accounting both prepare and analyze financial data. ... -
Managerial Accounting
Managerial Accounting. Managerial Accounting This essay will discuss the differences
between managerial accounting and financial accounting in an organization. ... -
Managerial And Financial Accounting Report
... Managerial and Financial Accounting Repor Managerial Accounting and Finance
Foundations FIN 540 February 27, 2006 Financial Accounting vs. ... -
Managerial And Financial Accounting
Managerial and Financial Accounting. Financial ... Managerial accounting is primarily
used by individuals within a company or organization. The ... -
Managerial Accounting
Managerial Accounting. The main difference between managerial accounting and
financial accounting is that financial accountants prepare ...
Frat Files
Members
Information
