Management Accounting is the process of analyzing, interpreting, and presenting financial and non-financial information to assist management in planning, decision-making, performance evaluation, and control.
- It focuses on providing relevant, timely, and customized information to internal stakeholders for operational and strategic purposes.
Objectives of Management Accounting:
- To helps in formulating plans.
- To help in interpretation of financial information.
- To help in controlling performance.
- Helps in solving business problem.
- Helps in motivating employees.
- Helps in coordinating operations.
