Management accounting or managerial accounting is the process of analyzing, presenting, identifying and recording financial information by the management for decision making, planning, and overall control. It basically involves among other things the process of preparing managerial accounts and reports so as to provide timely and accurate statistical information necessary for managers to make crucial decisions in the business enterprise.
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Nonmanufacturing overhead | Manufacturing overhead | Breakeven point |
Evaluating business investments | Contribution analysis | Absorption and variable costing |
Activity-based costing | Work in progress ledgers | Standard costing |
Improving profits | Make or buy decisions | Inventory methods |
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