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  • MANAGEMENT Accounting (CIA-III)

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    Amritkumar Beniwal
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    Management accounting is the process of analyzing business costs and operations to prepare internal reports and records to aid managers' decision making. It involves making sense of financial and cost data and translating it into useful information for management. The objectives of management accounting include assisting with planning, interpreting financial information, controlling performance, and solving strategic problems. Some key functions include helping to forecast the future, make or buy decisions, analyze variances, and understand returns. The scope of management accounting encompasses areas like financial accounting, cost accounting, budgeting, revaluation, cost control, statistics, inventory control, reporting, taxation, and methods design. It's importance includes relevant cost analysis, audience targeting, evaluations, defining budgets, controlling, and planning.

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    Management accounting is the process of analyzing business costs and operations to prepare internal reports and records to aid managers' decision making. It involves making sense of financial and cost data and translating it into useful information for management. The objectives of management accounting include assisting with planning, interpreting financial information, controlling performance, and solving strategic problems. Some key functions include helping to forecast the future, make or buy decisions, analyze variances, and understand returns. The scope of management accounting encompasses areas like financial accounting, cost accounting, budgeting, revaluation, cost control, statistics, inventory control, reporting, taxation, and methods design. It's importance includes relevant cost analysis, audience targeting, evaluations, defining budgets, controlling, and planning.

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    15 views7 pages

    MANAGEMENT Accounting (CIA-III)

    Uploaded by

    Amritkumar Beniwal
    Management accounting is the process of analyzing business costs and operations to prepare internal reports and records to aid managers' decision making. It involves making sense of financial and cost data and translating it into useful information for management. The objectives of management accounting include assisting with planning, interpreting financial information, controlling performance, and solving strategic problems. Some key functions include helping to forecast the future, make or buy decisions, analyze variances, and understand returns. The scope of management accounting encompasses areas like financial accounting, cost accounting, budgeting, revaluation, cost control, statistics, inventory control, reporting, taxation, and methods design. It's importance includes relevant cost analysis, audience targeting, evaluations, defining budgets, controlling, and planning.

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    MANAGEMENT accounting (CIA-III)

    Name : - Amrit K. Beniwal


    Course : - BBA-III(B)
    PRN NO : - 180102011073
    Guided by : - Prof. Vinod
    Pathade Sir
    MANAGEMENT ACCOUNTING
    Management accounting, also called
    managerial accounting or cost
    accounting, is the process of
    analyzing business costs and
    operations to prepare internal
    financial report, records, and account
    to aid managers’ decision making
    process in achieving business goals.
    In other words, it is the act of making
    sense of financial and costing data
    and translating that data into useful
    information for management and
    officers within an organization.
    Objectives of Management Accounting

    Assistance in Planning and


    Formulation of Future
    Policies
    Helps in the Interpretation of
    Financial Information
    Helps in Controlling
    Performance 4. Helps in
    Organizing
    Helps in the Solution of
    Strategic Business Problems
    Functions of Management Accounting
    Helping Forecast the Future.
    Forecasting helps decision to made
    and answers questions like: Should a
    company invest more in
    equipment? ...
    Helping in Make-or-buy
    Decisions. ...
    Forecasting Cash Flows. ...
    Helping Understand Performance
    Variances. ...
    Analyzing the Rate of Return.
    Scope of Management Accounting
    1.Financial Accounting
    2.Cost Accounting
    3.Budgeting and Forecasting
    4. Revaluation Accounting
    5. Cost Control Procedures
    6. Statistical Methods
    7. Inventory Control
    8. Reporting.
    9. Taxation
    10. Methods and Procedures
    Design and Installation
    11. Internal Audit
    Importance of Management Accounting
    Relevant costs analysis
    Audience targeting
    Make or buy evaluations
    Define Budgets
    Controlling
    Planning
    THANK YOU

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