Annotation
Management accounting for business decisions provides a through introduction to the theory and practice of management accounting . Accessible and students friendly, the text excludes the technical and more advanced content that is required by spacialist accounting students but offers the general business student or post- eperience course a firm foundation in Management Accounting. Management accounting combines accounting. fnance and managemert.It's concerned with the provision of accounting information to management within a business. Accountants produce regular and specially requested reports to help managers monitor current performance and plan future activites. Unlike financial accounting, management accounting is very future orientated, with an emphasis on achieving financial goals and forward planning, as opposed to summarising a company's current postion. Opportunities for management Internships arise in every industry, making the field fertile grounds for learning how to hande diverse products and projects., Management accounting also is known as managerial accounting and can be defined as a process of providing financial information and resources to the managers in decision making .Management accounting is only used by the internal team of the organizational, and this is the only thing which makes it different from financial accounding. In this process, financial Information and reports such as invoice, financial balance statement is shared by finance administration with the management team of the company. Objective of management accounting is to use this statistical data and take a beter and accurate decision, controlling the enterprise, business activities, and development. Management Accounting creates value to an organisation by assisting the management in taking viabla decisions .Its importance is essential to preserve and to protect the identity of an organisation in the present era of knowledge based economy .This book explains how a manager makes various decisions in a complex environment in order to utilize the resources in an efficient manner and how the performance of the an organisation can be better evaluated.
