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 .

details events, monetary and non-monetary. The nature of data, the form of presentation and its duration are mainly determined by managerial needs. It is quite frequently reported as it is meant for internal uses and managerial control. An accountant should look at his enterprise from the management's point of view.

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  Management, Details, Accounting, Management accounting

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