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Management Accounting is the analysis or adoption of accounting information. In such a way Management Accounting assists the management in policy creation or day-to-day operations of an organization. The term “Management Accounting” is combination of two words that is: Management and Accounting. It is a true fact that many type of important data for managerial use have beyond the ability of accountancy to supply- for example engineering design, market demand, general business conditions, state of competition etc. So management accounting has been originated to fulfill these managerial needs by providing the said important data that normally accounting fails to supply. So that, students can understand managerial accounting and can use its utmost importance.
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Some of topics covered under Management Accounting are:
1. Introduction of Management Accounting
2. Definition of Management Accounting
3. Interpretation or Analysis of Financial Statements.
4. Distinction between Management or Financial Accounting
5. Funds flow analysis
6. Cash flow analysis
7. Management Accounting Ratio
8. Budgets and budgetary control
9. Marginal costing and Break-even analysis
10. Standard costing
11. Differential cost Analysis
12. Capital budgeting
13. Financial evaluation of projects
14. Inventory control
15. Variance analysis
16. Depreciation policy
17. Accounting for inflation
Our scope of coverage is not limited to the above topics. You may contact us at www.expersmind.com for any kind of Managerial Accounting query.
Lists of Important Accounting Topics To Get Help with