Name: Danielle Louise P.

Sacapaño

BSBA-HRDM II

Activity 1

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.