MANAGEMENT ACCOUNTING: NATURE AND SCOPE

1 MANAGEMENT accounting : NATURE AND SCOPE Objective: The present lesson explains the meaning, NATURE , SCOPE and limitations of accounting . Further, it discusses the activities covered under MANAGEMENT accounting and its difference with financial accounting . LESSON STRUCTURE Introduction Definitions of MANAGEMENT accounting NATURE of MANAGEMENT accounting Functions of MANAGEMENT accounting SCOPE of MANAGEMENT accounting The MANAGEMENT Accountant MANAGEMENT accounting and Financial accounting Cost accounting and MANAGEMENT accounting Limitations of MANAGEMENT accounting Self-Test Questions Suggested Readings INTRODUCTION MANAGEMENT accounting can be viewed as MANAGEMENT -oriented accounting . Basically it is the study of managerial aspect of financial accounting , " accounting in relation to MANAGEMENT function".

Management accounting has no set principles such as the double entry system of bookkeeping. In place of generally accepted accounting principles, the philosophy of cost benefit analysis is the core guide of this discipline. It says that no accounting system is good or bad but is can be considered

Loading..

Tags:

  Guide, Management, Accounting, Management accounting

Information

Related search queries