Management accounting[edit]

Main article: Management

accounting
Management accounting focuses on
the measurement, analysis and
reporting of information that can help
managers in making decisions to
fulfill the goals of an organization. In
management accounting, internal
measures and reports are based
on cost-benefit analysis, and are not
required to follow the generally
accepted accounting principle
(GAAP).[7] In 2014 CIMA created
the Global Management Accounting
Principles (GMAPs). The result of
research from across 20 countries in
five continents, the principles aim to
guide best practice in the discipline.[33]
Management accounting produces
future-oriented reports—for example
the budget for 2006 is prepared in
2005—and the time span of reports
varies widely. Such reports may
include both financial and non
financial information, and may, for
example, focus on specific products
and departments.[7]