management accounting

TOPIC- MANAGEMENT ACCOUNTING

NEHA PANDEY

Neha Pandey (Asst. Prof) 2

Management Accounting :-Definition: “Management Accountings is the presentation of accounting information in such a ways as to assist management in the creation of policy and the day-to-day operation of an undertaking.”

Neha Pandey (Asst. Prof) 3

NATURE OF MANAGEMENT ACCOUNTING:-1. Providing accounting information.2. CAUSE AND EFFECT ANALYSIS.3 .USE OF SPECIAL TECHNIQUES AND CONCEPT.4. TAKING IMPORTANT DECISION.5. ACHIEVING OF OBJECTIVE.6. NO FIXED FROM FOLLOWED INCREASE IN EFFICIENCY.

Neha Pandey (Asst. Prof) 4

SCOPE OF ACCOUNTING:- FINANCIAL ACCOUNTING. COST ACCOUNTING. INVENTRY CONTROL. BUDJETING CONTROL. REPORTING TO MANAGEMENT. INTERNAL AUDIT. TAX ACCOUNTING.

Neha Pandey (Asst. Prof) 5

OBJECTIVE OF MANAGEMENT A/C

PLANNING AND POLICY FORMATION. HEIPFULL IN CONTROLLING

PERFORMANCE. HELPS IN ORGANIZATION. HELPS IN INTERPRETING FINANCIAL

INFORMATION. EFFECTIVE IN MANAGEMENT CONTROL.

Neha Pandey (Asst. Prof) 6

LIMITATION OF MANAGEMENT A/C

BASED ON ACCOUNTING INFORMATION.

LACK OF KNOWLEDGE. TOP HEAVY STRUCTURE. EVOLUTIONARY STAGE. PSYCHOLOGICAL RESISTANCE. PERSONAL BIAS.

Neha Pandey (Asst. Prof) 7

TOOLS & TECHNIQUES:-

FINANCIAL POLICY AND ACCOUNTING. ANALYSIS OF FINANCIAL STATEMENT. HISTORICAL COST A/C. BUDGETING CONTROL. STANDARD COSTING. MARGINAL COSTING. DECISION MAKING.