Professional Documents
Culture Documents
Topic 1 Slides
Topic 1 Slides
• THE PROCESS OF PROVIDING FINANCIAL INFORMATION TO INTERNAL USERS TO HELP THEM IN DECISION
MAKING.
FINANCIAL ACCOUNTING VS MANAGEMENT ACCOUNTING
Involved in every
Based on
Selecting Ensure strategy Follow up if Making cost and Choosing the best activities including
Setting Objectives To be achieved performance
strategies on the right track necessary revenues analysis alternatives planning and
evaluation
controlling
Accuracy
Flexibility Timeliness
Characteristics
of Management
Accounting
Information
Relevance
Assist
management
in achieving
the
organisation’s
objectives.
Provide
Assist Role of information
management
in decision Management and
accounting
making. Accountant reports
Assist
management
in controlling
and
performance
evaluation.