Characteristics of mgt.

, accounting advantages of mgt accounting

• providing financial information *increase in effeciency *effective planning
• cause & effect analysis * performance evaluation *profit maximation
• use of special technic and concept * reliability * elimination of westage
• decision making *effective communication *employee morale
• no fixed convension * control & co-ordination
• achivement of objectives
• improving effeciency
• forcasting
• providing of information& not decision
objectives and function of mgt., accounting disadvantages
• precentation of data * dependance for basic records
• aid of planning and forcasting * personal basis
• help in organising * mgt., accounting is only a tool
• decision making * mgt., accounting provides only a data
• effective control * broad bases scope
• communication of mgt., policy * recistence to chnge
• incorporation of non-financial information * costly to instal
• co-ordination * evalutionery stage
• motivating employees
tools and technic of mgt.,
➢ financial policy & accounting
➢ analysis of financial statement
➢ historical cost accounting
➢ budgetary control
➢ standerd costing
➢ marginal costing
➢ mgt., information system
➢ other tool
➢ * decision accounts
➢ * revaluation accounts