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HOW MANAGERIAL ACCOUNTING ADDS VALUE TO ORGANIZATION

1. INTRODUCTION

Management accounting provides accounting and related information to support the management of an organization in its internal decision-making. It includes product costing, relevant costing, cost-volume-profit analysis, capital budgeting, and operational, tactical, and strategic planning. A major activity included in the management accounting is the measurement of costs of processes that create value.

Management accounting is performed inside organizations. It is the internal business-building role of accounting and finance professionals, who design, implement, and manage internal systems that support effective decision support, planning, and control over the organization's value-creating operations. Management accounting and finance professionals directly support an organization's strategic goals. Management accounting focuses on the real internal economics of the enterprise – creating new business,......

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Approximate Word Count: 3166
Approximate Pages: 13 (250 words per double-spaced page)

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