Difference between revisions 4464989 and 4521374 on simplewiki

{{complex|date=September 2011‎}}
'''Management accounting''' or '''managerial accounting''' gives [[accounting]] information to managers within organizations, to provide them with the basis to make informed business decisions that will allow them to be better equipped in their management and control functions.

In contrast to [[financial accountancy]] information, management accounting information is:
(contracted; show full) costing'', which are designed with specific aspects of the modern business environment in mind. ''Life-cycle costing'' recognizes that managers’ ability to influence the cost of manufacturing a product is at its greatest when the product is still at the design stage of its product life-cycle (i.e., before the design has been finalized and production commenced), since small changes to the product design may lead to significant savings in the cost of manufacturing the products.
  

[[Activity-based costing]] (ABC) recognizes that, in modern factories, most manufacturing costs are determined by the amount of ‘activities’ (such as the number of production runs per month, and the amount of production equipment idle time). The key to effective cost control is therefore optimizing the efficiency of these activities.  Both lifecycle costing and activity-based costing recognize that, in the typical modern factory, the avoidance of disruptive events (such as machine breakdowns and quality c(contracted; show full)
* [http://www.accountpayee.com/accountpayee/support.html Accounting Practice Management Software Solutions] - External resource on additional management practice solutions
* [http://accounting.technologyevaluation.com/?km=1&kmt=ec Practical Managerial Accounting Service] - Information in managing your time effectively and swiftly

==References==
{{Reflist}}

[[Category:Management]]
[[Category:Accounting]]
⏎
⏎
[[ar:محاسبة إدارية]]
[[cs:Manažerské účetnictví]]
[[de:Kosten- und Leistungsrechnung]]
[[el:Διοικητική Λογιστική]]
[[es:Contabilidad de gestión]]
[[fr:Comptabilité analytique]]
[[ko:관리회계]]
[[id:Akuntansi manajemen]]
[[nl:Management accounting]]
[[ja:管理会計]]
[[pl:Rachunkowość zarządcza]]
[[ru:Управленческий учет]]
[[fi:Johdon laskentatoimi]]
[[sv:Ekonomistyrning]]