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Download the ebook of Accounting for Management in PDF format. These handouts and ebooks will benefit the BBA and management students.The lecture notes on Accounting for Management is also available on this forum. The modules covered in this ebook are as follows:
Accounting for Management
MODULE I ACCOUNTING FOR MANAGEMENT INTRODUCTION
MODULE II ANALYSIS AND INTERPRETATION OF FINANCIAL STATEMENTS
MODULE III FUNDS FLOW STATEMENT
MODULE IV MARGINAL COSTING
MODULE V RESPONSIBILITY ACCOUNTING
ACCOUNTING FOR MANAGEMENT- INTRODUCTION
Management accounting can be viewed as Management-oriented Accounting. Basically it is the study of managerial aspect of financial accounting, accounting in relation to management function. It is developed mainly to help the management in the discharge of its functions and for taking various decisions.
Management accounting is the presentation of accounting information in such a way as to assist the management in creation of policy and the day to day operation of an undertaking. According to the Institute of Chartered Accountants of England and Wales any form of accounting which enables a business to be conducted more efficiently can be regarded as Management Accounting.
The term management accounting is composed of management and accounting, It is the use of Accounting Information for discharging Management functions, especially planning and decision making.
FUNCTIONS OF MANAGEMENT ACCOUNTING
The basic function of management accounting is to assist the management in performing its functions effectively. The functions of the management are planning, organizing, directing and controlling. Management accounting helps in the performance of each of these functions in the following ways:
Provides data: Management accounting serves as a vital source of data for management planning. The accounts and documents are a repository of a vast quantity of data about the past progress of the enterprise, which are a must for
making forecasts for the future.
Modifies data: The accounting data required for managerial decisions is properly compiled and classified. For example, purchase figures for different months may be classified to know total purchases made during each period product-wise, supplier-wise and territory-wise.
Download the ebook of Accounting for Management in PDF format. These handouts and ebooks will benefit the BBA and management students.The lecture notes on Accounting for Management is also available on this forum. The modules covered in this ebook are as follows:
Accounting for Management
MODULE I ACCOUNTING FOR MANAGEMENT INTRODUCTION
MODULE II ANALYSIS AND INTERPRETATION OF FINANCIAL STATEMENTS
MODULE III FUNDS FLOW STATEMENT
MODULE IV MARGINAL COSTING
MODULE V RESPONSIBILITY ACCOUNTING
ACCOUNTING FOR MANAGEMENT- INTRODUCTION
Management accounting can be viewed as Management-oriented Accounting. Basically it is the study of managerial aspect of financial accounting, accounting in relation to management function. It is developed mainly to help the management in the discharge of its functions and for taking various decisions.
Management accounting is the presentation of accounting information in such a way as to assist the management in creation of policy and the day to day operation of an undertaking. According to the Institute of Chartered Accountants of England and Wales any form of accounting which enables a business to be conducted more efficiently can be regarded as Management Accounting.
The term management accounting is composed of management and accounting, It is the use of Accounting Information for discharging Management functions, especially planning and decision making.
FUNCTIONS OF MANAGEMENT ACCOUNTING
The basic function of management accounting is to assist the management in performing its functions effectively. The functions of the management are planning, organizing, directing and controlling. Management accounting helps in the performance of each of these functions in the following ways:
Provides data: Management accounting serves as a vital source of data for management planning. The accounts and documents are a repository of a vast quantity of data about the past progress of the enterprise, which are a must for
making forecasts for the future.
Modifies data: The accounting data required for managerial decisions is properly compiled and classified. For example, purchase figures for different months may be classified to know total purchases made during each period product-wise, supplier-wise and territory-wise.
Content Syndicated from: Accounting for management pdf,ebook,lecture notes download for BBA students
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