Professional Documents
Culture Documents
of
Management
accounting
in
management of organization to make right decision
the
Conclusion:
The primary purpose of the management accounting is to make decision that
makes decisions that may be classified as marketing, production and
financial. Financial statements is the descriptive model for decision making
every element in financial statements is the result of decision for each
decision there exists a management accounting tool that may be used to
make good decision . management accounting help business to make long
term decision setting the objectives for the business and making the
objectives according to the need of business . In addition to this
management accounting collects information and uses that information in
decision making process to make right and good decision. Moreover
management accounting deals with complex relation and techniques but the
management accountants takes key information which are suitable for the
business to make right decision for the business to provide long term profit
and success in the future.
REFERNCES
The times 100 business case studies Financial information in Decion MakinG:
http:// business case studie co.uk/ cima/ financial information-in decisionmaking/introduction .html# axzz H8Xlrfm date accessed 25.1.2014
Feeedman,J , Small business CHORN , Why Management Accounting is
Important in Decision Making : http://smallbusiness.chron.com/managementaccounting-important-decisionmaking-53947.html date accssed 25.1.2014
_OF_
MANAGEMENT_ ACCOUNTING_ FUNCTION-A_
REVIEW_OF_EMPIRICAL_ LITERATURE , volume 1 date accessed 25.1/2014