What is management accounting? Define it

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What is management accounting?



Management Accounting

introduction and meaning

Management accounting is comprised of two words 'management' and 'accounting'. It is the study of managerial aspect of accounting. The emphasis of management accounting is to redesign accounting in such a way that it is helpful to the management in formation of policy, control of execution and appreciation of effectiveness. It is that system of accounting which helps management in Carry out it's function more efficiently.

Robert N. Anthony-   "Management accounting is concerned with accounting information that is useful to management".


T.G Rose-   "Management accounting is the adoption and analysis of accounting information and it's diagnosis and explanation in such a way as to assist management".

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