Transcription of UNIT – I MANAGEMENT ACCOUNTING INTRODUCTION
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UNIT – I MANAGEMENT ACCOUNTING INTRODUCTION
MBA-FinanceManagement AccountingUNIT IMANAGEMENT ACCOUNTINGINTRODUCTION:Abusiness enterprise must keep a systematic record of what happens fromday-tot-day events so that it can knowits position clearly. Most of the business enterprisesare run by the corporate sector. These business houses are required by lawtoprepare periodical statements in proper formshowing the state of financial systematic record of the daily events of a business leading to presentation of acompletefinancial pictureis knownas ACCOUNTING .
The profitability and financial position of the business as interpreted above are ... information provided by cost accounting to the management is helpful for cost control and cost reduction through functions of planning, decision making and control. Initially, cost accounting confined itself to cost ascertainment and ...
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