Define the term Management Accounting. Describe the scope and functions as well as limitations of management Accounting.
Differentiate between financial Accounting and Management Accounting.
Define the term Management Accounting and state its benefits.
Management Accounting is the presentation of accounting information in such a manner as to help the management in the creation of policy and in the day-to-day operation of the undertaking. describe the above statement giving appropriate illustrations.
What are the responsibilities of a Management Accountant?
There are no externally imposed usually accepted accounting principles for management accounting. In the light of the above statement describe giving exs the nature and scope of the management accounting.