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  • Management Accounting

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    Raghav Maheshwari
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    Management accounting is the process of identifying, measuring, and communicating accounting information to assist management in planning, decision-making, directing, and controlling an organization. It involves both science and art, provides accounting services, is an integrated system focused on the future, and emphasizes cost analysis to help achieve organizational objectives. The scope of management accounting includes financial accounting, cost accounting, financial management, budgeting, inventory control, reporting, data interpretation, and internal auditing.

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    Meaning , nature and scope of management accounting

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    Management accounting is the process of identifying, measuring, and communicating accounting information to assist management in planning, decision-making, directing, and controlling an organization. It involves both science and art, provides accounting services, is an integrated system focused on the future, and emphasizes cost analysis to help achieve organizational objectives. The scope of management accounting includes financial accounting, cost accounting, financial management, budgeting, inventory control, reporting, data interpretation, and internal auditing.

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    © All Rights Reserved
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    2 views5 pages

    Management Accounting

    Uploaded by

    Raghav Maheshwari
    Management accounting is the process of identifying, measuring, and communicating accounting information to assist management in planning, decision-making, directing, and controlling an organization. It involves both science and art, provides accounting services, is an integrated system focused on the future, and emphasizes cost analysis to help achieve organizational objectives. The scope of management accounting includes financial accounting, cost accounting, financial management, budgeting, inventory control, reporting, data interpretation, and internal auditing.

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    of 5

    MANAGEMENT

    ACCOUNTING
    PRESENTED BY :-
    YASH GOYAL
    230101010007
    MEANING :-
    Management Accounting is the process of identification,
    measurement, presentation, analysis, interpretation and
    communication of accounting information that assists the
    management in planning, decision-making, direction and
    control within the framework of fulfilling the
    organizational objectives.
    NATURE of MANAGEMENT
    ACCOUNTING :-
    • Both as a Science and an Art
    • Accounting service
    • Integrated System
    • More concerned with Future
    • Selective Nature
    • More Emphasis on the Nature of Element of Cost
    • Cause and Effect analysis
    • Achieving of Objectives
    SCOPE of MANAGEMENT
    ACCOUNTING :-
    • Financial Accounting
    • Cost Accounting
    • Financial Management
    • Budgeting and Forecasting
    • Inventory Control
    • Reporting to Management
    • Interpretation of Data
    • Internal Audit
    THANK YOU

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