1. Overview of Management Accounting in the Philippines
- Management accounting, also known as cost accounting or managerial accounting, is the process of assessing a company's costs and activities in order to generate internal financial reports, records, and accounts to assist managers in reaching their objectives. 2. Importance of Management Accounting - Management accounting is a method of preparing executive reports and records that provide supervisors with precise and timely financial and measurable data to help them make immediate and long-term decisions. It recognizes, measures, breaks down, deciphers, and disseminates data to enable an organization to achieve its goals. 3. Your expectations in this subject. - I’m expecting to gain more knowledge about managing business, entrepreneurship, communicating with other people, enhance my interpersonal skills. I hope I could enjoy in this subject whilst learning.