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8 Cards in this Set
- Front
- Back
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Management Accounting
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procces of identification, measurement, accumulation, analysis, preparation, interpreation, and communication of financial information used by management to plan, evaluate and control an organization
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cost accounting
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deals with procedures related to determining the cost of a particular product, service, or activity
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Internal Business Operations
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marketing managers, salespersons, production managers, production supervisors, strategic planners, company planners, company engineers
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External Business Operations
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Stockholers, banks and other lending agencies, bondholders, suppliers, customers, competitors
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Financial Accoutings Focus
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Profitability, solvency, liquidity
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Management Accounting Focus
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Efficiency productivity and quality
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Management Accouting is based primarily on:
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decision making and these decisions affect the future of the firm
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Controller
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the chief accountant primarily in charge of the accounting system
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