Meaning |
: |
The accounting in which the both financial and non-financial information are provided to managers is known as Management Accounting |
Information type |
: |
Quantitative and Qualitative |
Objective |
: |
Providing information to managers to set goals and forecast strategies |
Scope |
: |
Impart and effect aspect of costs |
Specific Procedure |
: |
No |
Recording |
: |
It gives more stress on the analysis of future projections |
Planning |
: |
Short range and long range planning |
Interdependency |
: |
Cannot be installed without cost accounting |