Accounting management

Accounting Management, a division of Accounting, is the practice of identifying, measuring, analyzing, interpreting and communicating financial information to managers for the pursuit of an organization's goals. It differs from financial accounting in that the intended purpose of managerial accounting is to use the provisions of accounting information to make better-informed business decisions.[1]

Accounting Management, as a professional business study, is the study of accounts and management in which one learns the importance of accounts in a management system, the basics of management and accounts managers.

Accounting Management can be defined as a profession that involves partnering in management decision making, devising planning and performance management systems. It also involves providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization’s strategy.[2]

ReferencesEdit

  1. ^ Tuovila, Alicia; Kindness, David. "Managerial Accounting". investopedia.com. Investopedia. Retrieved 31 March 2021.
  2. ^ Blocher, Ed; Dearman, David; Glover, Hugh; Khan, Zafar; Kovacic, Mark; Lawson, Raef; Thompson, Jeffery; Weiss, Susan; White, Gwendolen. "Definition of Management Accounting". imanet.org. Institute of Management Accountants. Retrieved 31 March 2021.