Question

Definition of management accounting by different autor

Answer 1

The Institute of Cost and Management Accountants, London, has defined Management Accounting as: “The application of professional knowledge and skill in the preparation of accounting information in such a way as to assist management in the formulation of policies and in the planning and control

Answer 2

According to the Institute ofManagement Accountants (IMA): "Management accounting is a profession that involves partnering inmanagement decision making, devising planning and performancemanagement systems, and providing expertise in financial reporting and control to assist management in the formulation and ...