Management accounting is concerned with the provisions and use of accounting
information to managers within organizations, to provide them with the
basis to make informed business decisions that will allow them to be
better equipped in their management and control functions.
In contrast to financial accountancy information, management accounting information is:
- designed and intended for use by managers within the organization, instead of being intended for use by shareholders, creditors, and public regulators;
- usually confidential and used by management, instead of publicly reported;
- forward-looking, instead of historical;
- computed by reference to the needs of managers, often using management information systems, instead of by reference to general financial accounting standards.
- Book: Management Accounting (Download)
