Business management

Introduction to accounting

Management accounting

Introduction to management accounting

Early in the time of manufacturing industries and international trading (and also today budding businesses), financial accounting included many if not all financial related tasks from producing statements to providing directors with information needed to take decisions. The latter task is also known as cost accounting.

Cost accounting is a subject that requires accurate and reliable financial accounting data source from financial accountants and can be seen in most businesses as the main component of management accounting tasks.

Internal control is today a legal requirement that aims at preventing business fraud and thus protect internal and external investors, employees, suppliers. Financial planning allows company to make forecasts and optimize financial returns. Financial performance summarizes into a simple view key business data from different sources. A financial management dashboard is a tool and a view to monitor periodic and up to date key business data...

Last change 5th June 2014