MANAGEMENT ACCOUNTING: NATURE AND SCOPE
The present lesson explains the meaning, nature, scope and limitationsof accounting. Further, it discusses the activities covered undermanagement accounting and its difference with financial accounting.
1.1 Introduction1.2 Definitions of Management Accounting1.3 Nature of Management Accounting1.4 Functions of Management Accounting1.5 Scope of Management Accounting1.6 The Management Accountant1.7 Management Accounting and Financial Accounting1.8 Cost Accounting and Management Accounting1.9 Limitations of Management Accounting1.10 Self-Test Questions1.11 Suggested Readings
Management accounting can be viewed as Management-oriented Accounting.Basically it is the study of managerial aspect of financial accounting,"accounting in relation to management function". It shows how the accountingfunction can be re-oriented so as to fit it within the framework of managementactivity. The primary task of management accounting is, therefore, toredesign the entire accounting system so that it may serve the operational
COURSE: MANAGEMENT ACCOUNTING
COURSE CODE: MC-105
AUTHOR: Dr. N. S. MALIK
01 VETTER: Prof. M S Turan