BUSS 23002 Management Accounting For Business
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Management accounting is the practice of identifying, measuring, analyzing, interpreting and communicating financial information in order to achieve the objectives of an organization. It differs from financial accounting because the intended purpose of management accounting is to help users in the company make wise business decisions.
Management accounting includes many aspects of accounting and is aimed at improving the quality of information about the indicators of economic activity transmitted to management. Management accountants use information related to the value and proceeds of the sale of goods and services produced by the company. Cost accounting is a broad subgroup of management accounting that focuses on accounting for a company's total production costs by assessing variable and fixed costs at each stage of production. This enables companies to identify and reduce unnecessary costs and maximize profits.
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List of relevant courses, in which professionals of ExpertsMinds provides online assistance:
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