What is the importance of management accounting
What is the importance of management accounting
What is the importance of management accounting:
Management Accounting is a system for the collection, tabulation, summarize, analyze, and report on
Information that helps management practices established on the activities of planning, regulatory,
And managerial decision-making variety.
Vamahasph it is only the administrative part of the Integrated Management Information System for the plant.
Role and objectives of management accounting:
To the debtor's management activities of planning, control and decision-making information you need to
Different obtained from a variety of sources, both financial experts or economists or
Departments of production and procurement, storage and marketing facility and accountants.
The main objectives of the activity of management accounting as follows:
1 - provide the necessary information to assist managers in making decisions, planning,
For example, decision to open a new production line is affected by cost estimates for the establishment of
Line and the cost of maintaining it during the operational,
And also estimates of costs and revenues associated with the operation, which helps in the process of preparing the budget for that line.
2 - to assist managers in controlling the operational activities, and scientific oversight are
Through the availability of comparative data between actual performance and planned performance and then determine the specific budget
Differences or deviations and analysis of causes
And take action corrected, as it is to take advantage of this analysis in the preparation of plans
New. Interested in management accounting and measuring the performance of individuals and sub-units of the facility, such as
Divisions and product lines and geographic regions, and performance measurement systems help in the preparation of
Where incentives should be to stimulate managers and employees by linking rewards profits
Achieved by the units they manage or work for
Management Accounting is a system for the collection, tabulation, summarize, analyze, and report on
Information that helps management practices established on the activities of planning, regulatory,
And managerial decision-making variety.
Vamahasph it is only the administrative part of the Integrated Management Information System for the plant.
Role and objectives of management accounting:
To the debtor's management activities of planning, control and decision-making information you need to
Different obtained from a variety of sources, both financial experts or economists or
Departments of production and procurement, storage and marketing facility and accountants.
The main objectives of the activity of management accounting as follows:
1 - provide the necessary information to assist managers in making decisions, planning,
For example, decision to open a new production line is affected by cost estimates for the establishment of
Line and the cost of maintaining it during the operational,
And also estimates of costs and revenues associated with the operation, which helps in the process of preparing the budget for that line.
2 - to assist managers in controlling the operational activities, and scientific oversight are
Through the availability of comparative data between actual performance and planned performance and then determine the specific budget
Differences or deviations and analysis of causes
And take action corrected, as it is to take advantage of this analysis in the preparation of plans
New. Interested in management accounting and measuring the performance of individuals and sub-units of the facility, such as
Divisions and product lines and geographic regions, and performance measurement systems help in the preparation of
Where incentives should be to stimulate managers and employees by linking rewards profits
Achieved by the units they manage or work for
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