Management accounting is the application of professional knowledge and skill in the preparation and...

Question

Management accounting is the application of professional knowledge and skill in the preparation and presentation of information to all levels of management in its policy and decision making,planning and control activities.You are required to explain to your senior management of how the provision of management accounting informations can creates sustainable SUCCESS in an organisation

Robert · Accepted Answer

SOLUTION: 
Management Accounting can be defined as the process of making the reports and accounts for 
management so as to facilitate the correct and timely financial and statistical information to 
managers so that they can take the day to day, operational and short term decisions. The 
management accounting provides the monthly or weekly report for the internal users of an 
organization. The report generally shows the status of available cash, sales revenue, accounts 
receivable, inventory, debts etc. The reports include the trend charts,

Management accounting is the application of professional knowledge and skill in the preparation and presentation of information to all levels of management in its policy and decision making,planning...

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