Super Awesome Study Guide To Help You Crack Management Accounting!

Super Awesome Study Guide To Help You Crack Management Accounting!

Advertisement Introduction:   Accountancy as we all know can be bifurcated into three segments, financial accounting that we learnt in semester 1, cost accountancy that we learnt in semester 2 and managerial accounting that we are learning now. Financial accounting was done in a way that all details and...

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Characteristics or Nature of Management Accounting

The task of management accounting involves furnishing of accounting data to the management for basing its decisions on it. It also helps, in improving efficiency and achieving organizational goals. The following are the main characteristics of management accounting:   Providing Accounting Information: Management according is based on accounting information....

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Relationship between Financial Accounting and Management Accounting

Financial accounting and management accounting are two major sub-systems of accounting information system. Both are concerned with revenues and expenses, assets and liabilities and cash flows. Both therefore involve financial statements. But the major differences between the two arise because they serve different audiences. The main points of difference...

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