Define Management Accounting. [ DAIBB Exam July 2019 ]

Define Management Accounting. [ DAIBB Exam July 2019 ]

Management accounting, also called managerial accounting or cost accounting, is the process of analyzing business costs and operations to prepare internal financial report, records, and account to aid managers’ decision making process in achieving business goals.

In other words, it is the act of making sense of financial and costing data and translating that data into useful information for management and officers within an organization.