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role of managment
role of managment
Management accounting is concerned with the provisions and use of accounting information to managers within organizations, to provide them with the basis in making informed business decisions that would allow them to be better equipped in their management and control functions.
In contrast to financial accountancy information, management accounting information is:
- usually confidential and used by management, instead of publicly reported;
- forward-looking, instead of historical;
- pragmatically computed, instead of complying with accounting standards.
This is because of the different emphasis: management accounting information is used within an organization, typically for decision-making.
latest news
Conference round-up: Saturday (Guardian Unlimited)
Nick Clegg was thrown when asked if Lib Dem frontbenchers who defied party whip would be punished with loss of privileges. 'I'm struggling to think what great Liberal Democrat privileges there are,' he replied
Oklahoma tops nation in use of prescription painkillers (Tulsa World)
1. 3/6/2008 2:47:54 PM, Cory M, Tulsa Rx Considering the idotic moves Brad Henry has brought forth on the people of OK, I am surprised the figure isn't three or four times larger than produced in the survey. It is indeed painful even listening to the Deacon!
Story Comments (Business Standard India)
Krishna Palepu is a powerful advocate of good corporate governance.
Locker Room Fight (WHSV Harrisonburg)
A locker room fight caught on a camera phone at a high school in Augusta County has caught the attention of parents and administrators.
Secret draft of Iraq dossier released (Guardian Unlimited)
The notorious claim that Iraq could launch weapons of mass destruction within 45 minutes was not contained in an early draft of the controversial dossier, but the draft version did warn that the country had acquired weaponry intended to 'terrorise, intimidate and destabilise', it was revealed today